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RLO - Reunert Limited - Reunert Limited announces the appointment of financial director designate Reunert Limited Incorporated in the Republic of South Africa Registration number 1913/004355/06 Share code: RLO ISIN: ZAE000057428 ("Reunert" or "group") REUNERT LIMITED ANNOUNCES THE APPOINTMENT OF FINANCIAL DIRECTOR DESIGNATE Reunert today announced that Manuela Krog has been appointed as Financial Director Designate of Reunert with effect from 15 July 2011. She will be formally appointed as Financial Director of Reunert with effect from 15 November 2011, being the day following Reunert`s announcement of its year-end results for 2011. She will succeed David Rawlinson who will on 14 November 2011, retire as Financial Director and from the board. Trevor Munday, Chairman of Reunert, commented on the appointment. "It was regarded in the best interest of the group to initiate the search for a successor in advance of David`s retirement in February 2012. David has been Financial Director since 1992 and we knew that the internal and external search- process would take time. With David`s agreement and active support, the board therefore initiated a process of finding a successor for him in February 2010, to allow for sufficient time to identify the best candidate and to plan for a smooth handover period. Since then, the nominations` committee has considered numerous internal and external candidates with due regard to the experience and profile that is required for the position. We are pleased that we were able to identify an excellent candidate well in advance, and to the board`s satisfaction." Trevor Munday added, "Manuela Krog started her career with Deloitte & Touche where she qualified as a Chartered Accountant (South Africa) in 1996. She was appointed as an audit partner in 1999 and has served many clients in diverse industries with a specific focus on manufacturing, tourism and group audits since then. I am confident that Manuela`s experience and proven track record will stand the group in good stead going forward." Munday paid tribute to Rawlinson`s contribution as Financial Director, "Dave has played a pivotal role in the significant growth and success that the group has achieved over the last two decades. He has been a highly skilled and much admired financial director. We are fortunate that he will impart his experience and knowledge to Manuela during the planned handover period. Sandton 23 May 2011 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 23/05/2011 07:05:15 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.
