FCPD - Foord Compass Limited - Changes to the board of directors

FCPD - Foord Compass Limited - Changes to the board of directors                
FOORD COMPASS LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/003591/06)                                            
ISIN: ZAE000054466                                                              
JSE code: FCPD                                                                  
("Foord Compass" or "the Company")                                              
CHANGES TO THE BOARD OF DIRECTORS                                               
In accordance with paragraph 3.59 of the JSE Limited Listings Requirements,     
Foord Compass announces changes to its Board of Directors ("the Board"):        
Resignation                                                                     
The retirement of Mark Hodges, Chairman, from the Board, with effect from 19    
April 2011.  Mark was appointed to the Board in 2001 and has served as Chairman 
from 29 April 2008.                                                             
Appointment                                                                     
*    The appointment of Chris Greyling as Independent Chairman of the Board from
    19 April 2011. Chris has served on the Board since 2003 and in an           
    independent capacity from 2008.                                             
*    The appointment of Darron West as an independent, non-executive director   
from 19 April 2011. Darron is presently a non-executive director of         
    Infiniti Insurance Ltd, a position that he has held since 2008.  He is      
    currently appointed as a senior lecturer at the University of Cape Town and 
    has previously worked on special projects at Foord Asset Management.  Save  
for a short sabbatical between 2003 and 2004, he managed investment         
    portfolios at Cadiz Asset Management from 2000 to 2007.   Darron qualified  
    as a Chartered Accountant with Ernst & Young Cape Town, in 2000 and he      
    obtained the CFA charter in 2002.  He holds Masters Degrees in accounting   
and in tax law.                                                             
*    The appointment of Paul Cluer as a non-executive director from 19 April    
    2011. Paul is a director of Foord Asset Management (Pty) Ltd and managing   
    director of Foord Unit Trusts Ltd, having joined the Foord Group in 2004.   
He was appointed as an executive director of Infiniti Insurance Limited in  
    October 2010. Paul qualified as a Chartered Accountant at Deloitte in 2000  
    and obtained the CFA charter in 2001.                                       
In addition Mrs Lauren Grevler was appointed as company secretary.              
In accordance with the Company`s articles of association, the appointments were 
confirmed at the Company`s Annual General Meeting held today.                   
Cape Town                                                                       
19 April 2011                                                                   
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 19/04/2011 13:37:07 Supplied by www.sharenet.co.za                     
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