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MUR - Murray & Roberts Holdings Limited - Resignation Of Director And Changes To

Release Date: 12/01/2010 12:00
Code(s): MUR
Wrap Text

MUR - Murray & Roberts Holdings Limited - Resignation Of Director And Changes To Executive Responsibilities MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ISIN: ZAE000073441 ("Murray & Roberts" or "Group") RESIGNATION OF DIRECTOR AND CHANGES TO EXECUTIVE RESPONSIBILITIES Murray & Roberts regrets to advise that executive director Sean Flanagan has resigned as a director and employee of the Group with effect from 31 January 2010 citing health concerns. Sean joined Murray & Roberts in 1991 and has held a variety of senior executive positions in the Group over the past 15 years. He was appointed an executive director in 2004 and for the past three years he has held principle executive responsibility for the Group`s South African major projects portfolio. Green Point Stadium was handed over to City of Cape Town on 21 December 2009 and the Medupi Power Station Civils Contract for Eskom successfully handed-over Unit 6 on 18 December 2009 to allow accelerated commencement of boiler and turbine erection. Sean played a key leadership role in both these outcomes. Keith Smith, executive chairman of the Construction SADC Cluster and a former executive director of the Group, has assumed responsibility for the Group`s involvement in the Gautrain Project. He will work with the project teams to deliver Phase 1 completion hopefully in time for the FIFA World Cup 2010 and full system completion thereafter. Keith will also be appointed chairperson of the Medupi Civils Joint Venture steering committee. Executive director Trevor Fowler succeeds Keith Smith as executive chairman of the Construction SADC Cluster. Group Chief Executive Brian Bruce will for the foreseeable future act as executive chairman of the Engineering SADC Cluster, including the Medupi and Kusile Boiler House Fabrication and Erection projects. He is supported by executive director Malose Chaba, Group Chief Engineer Murray Easton, Murray & Roberts Projects managing director Gary Wells and Medupi Project Director Bruce Neave. The Group wishes Sean Flanagan everything of the best for the future and extends its appreciation for his 19 years of service to the Group and in particular, his past five years as executive director. Bedfordview 12 January 2010 Sponsor Deutsche Securities (SA) (Pty) Ltd Date: 12/01/2010 12:00:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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