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ATN/ATNP - Allied Electronics Corporation Limited - Appointment of new Chief

Release Date: 27/06/2012 09:29
Code(s): ATN ATNP
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ATN/ATNP - Allied Electronics Corporation Limited - Appointment of new Chief Executive Officer and Chief Operating Officer at Power Technologies (Pty) Limited Allied Electronics Corporation Limited (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share Code : ATN ISIN : ZAE000029658 Share Code : ATNP ISIN : ZAE000029666 ("Altron" or "the company") Appointment of New Chief Executive Officer and Chief Operating Officer at Power Technologies (Pty) Limited Shareholders are advised that with effect from 1 July 2012, Mr NM Kayton, the erstwhile chief financial officer of Power Technologies (Pty) Limited (Powertech) will be appointed as the new chief executive officer of Powertech to replace Mr N Claussen who has resigned from the Altron group with effect from 30 June 2012. Neil, who is a qualified chartered accountant by profession, joined Powertech on 1 February 2004 where, in addition to serving on multiple boards within the Powertech Group, is also a member of the Powertech executive and remuneration committees. Shareholders are further advised that with effect from 1 July 2012, Mr L Viljoen, the current chief executive officer of Powertech Transformers (Pty) Limited will be appointed as the new chief operating officer of the Powertech Group. Leon, who holds a B Eng (Electrical and Electronic) and a MBA (Henley Management College), has been involved with Powertech for over two decades in various management capacities and has largely been responsible for developing and growing the Transformers Division into the market leader in South Africa which it is today. Johannesburg 27 June 2012 Sponsor Investec Bank Date: 27/06/2012 09:29:04 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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