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GRF - Group Five executive team further strengthened

Release Date: 29/05/2007 15:39
Code(s): GRF
Wrap Text

GRF - Group Five executive team further strengthened Group Five Limited (Registration number: 1969/000032/06) (Incorporated in the Republic of South Africa) Share Code: GRF ISIN Code: ZAE000027405 ("Group Five") GROUP FIVE EXECUTIVE TEAM FURTHER STRENGTHENED Group Five is pleased to announce the appointment of Tim Woodhead to its executive team with immediate effect. Woodhead was the group`s strategic development director from 2006 to late last year before becoming the MD of the group`s recently acquired materials businesses, Quarry Cats and Sky Sands. Woodhead has almost 20 years` experience in the construction sector, with more than seven years in construction materials. He joined Group Five in 1992 as the MD of SA Readymix Concrete. After building this business into a strong market player, he became the MD of IDS and Intertoll from 1995 to 2006. CEO Mike Upton welcomed Woodhead to the executive team and acknowledged his role in identifying appropriate acquisitions to create Group Five`s Materials business unit last year. Woodhead will work with the MD of Manufacturing and Construction Materials, John Wallace, to develop the Group Five Construction Materials business cluster. The Exco team`s current areas of responsibility are: Eric Vemer: IDS, strategic acquisitions, disposals and business development John Wallace and Tim Woodhead: Manufacturing and Construction Materials Paul le Sueur: Building and Housing Guy Mottram: Risk management Andrew McJannet: Civil Engineering Mike Upton continues to guide the new senior team at Engineering Projects 29 May 2007 Sponsor Nedbank Capital Date: 29/05/2007 15:39:06 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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