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GND/GNDP - Grindrod Limited - Resignation and appointment of Chief

Release Date: 31/05/2012 08:58
Code(s): GND GNDP
Wrap Text

GND/GNDP - Grindrod Limited - Resignation and appointment of Chief Executive GRINDROD LIMITED (Registration number: 1966/0009846/06) Share code: GND & GNDP ISIN: ZAE000072328 & ZAE000071106 In accordance with the requirements of paragraph 3.59 of the Listing requirements of the JSE the following should be noted: DIRECTORATE/EXECUTIVE Shareholders are advised of the following changes to the Board/Executive team of Grindrod: Tony Stewart, has resigned effective 31 May 2012 as Executive Director of Grindrod Limited and Chief Executive of the Trading Division of Grindrod, to pursue other interests; Wayne Hartmann will assume the position of Chief Executive of the Trading division of Grindrod, effective 01 June 2012. Wayne joins Grindrod with 26 years of oil industry experience covering inter-alia African operations, oil refining, trading and shipping. Tony Stewart will not be immediately replaced on the Grindrod Limited board and will remain with the group until 30 June 2012 to ensure a smooth transition. Sponsor : Grindrod Bank Ltd 31 May 2012 Date: 31/05/2012 08:58:01 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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