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ALT - Altech - Altech announces resignation of Group Chief Operating Officer

Release Date: 19/01/2012 17:45
Code(s): ALT
Wrap Text

ALT - Altech - Altech announces resignation of Group Chief Operating Officer Allied Technologies Limited Member of the Altron Group Incorporated in the Republic of South Africa (Registration number: 1946/020415/06) Share code: ALT ISIN number: ZAE000015251 ("Altech" or "the company") Altech announces resignation of Group Chief Operating Officer Altech hereby announces the resignation of its Group Chief Operating Officer, Jeffrey Hedberg, which will be effective from the end of January 2012. According to Altech CEO, Craig Venter, Hedberg has decided to pursue his career outside of the Altech Group. "Jeffrey and I had a discussion and he indicated that he wanted to pursue his career opportunities elsewhere. During his time with us, Jeffrey brought a great deal of experience into the Altech Group and we are sorry to see him go, but understand his motivation for leaving. We wish him all the best in his future endeavours," said Venter. Commenting on his resignation, Hedberg had the following to say: "I came into the Altech Group to work with Craig on his vision to take Altech to the next level. I enjoyed working with the Altech team and believe that Altech`s operations are on the right track to securing their market leadership in the Telecommunications, Multi-media and Information Technology sectors. I wish them continued success." Hedberg`s responsibilities will be managed by Altech CEO, Craig Venter and Divisional Executives until such time as a decision is made on a successor for the position of Chief Operating Officer. Hedberg will continue to work with the Group to a date to be mutually agreed upon. Notes to Editors: About Allied Technologies Limited Allied Technologies Limited (Altech) is listed on the Johannesburg Stock Exchange (JSE). The company focuses on the Telecommunications, Multi-media and Information Technology (TMT) industries with a global footprint in 14 countries and employs more than 4 000 employees. As a leading South African multi-billion rand group, Altech is involved in the design, development and convergence of Telecommunications, Multi-media systems and IT solutions. For further information please contact: Craig Venter Chief Executive Officer: Altech Tel: +27 11 715 9004 Cell: +27 83 236 8000 E-mail: cventer@altech.co.za and/or Shenanda Janse van Rensburg Group Executive: Marketing, PR & Communications - Altech Head Office Tel: +27 11 715 9031 Mobile: +27 84 777 1977 Email: sjvrensburg@altech.co.za www.altech.co.za JSE code: ALT Johannesburg 19 January 2012 Sponsor and Investment Bank: Investec Limited Date: 19/01/2012 17:45:01 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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