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Powertech - Press Release
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”)
Powertech
Media announcement
For immediate release: 4 September 2012
New CFO appointed at Powertech
Power Technologies (Pty) Ltd (Powertech), a wholly owned subsidiary of the JSE listed Altron Group,
has appointed Mr. Sean Hemphill as its new Chief Financial Officer with effect from 1 September 2012.
Hemphill succeeds Neil Kayton, who was promoted to Powertech CEO on 1 July 2012.
Hemphill is a qualified Chartered Accountant having completed his articles at PricewaterhouseCoopers
in 2004. He joined the Powertech Group as project accountant for Aberdare Cables in 2003.
Subsequently, he worked as financial controller at the Aberdare Long Street factory from 2004 to 2007
where he gained valuable manufacturing experience. In 2007 Hemphill joined the finance team at
Powertech head office as group financial controller. He was instrumental in successfully imbedding the
group’s consolidation system and processes and has in-depth experience with regards to restructuring,
mergers and acquisitions. In this capacity, he has also played a key role in developing Powertech
Shared Services, in particular the group-wide payroll services.
Towards the end of 2011 Hemphill moved to the newly established Powertech Africa division, in the
position of CFO. He assisted in setting up this export division, specifically regarding all financial
aspects and related operating systems, including dealings with international financial institutions.
Neil Kayton, CEO Powertech says, “Sean’s broad based experience, in many areas of the Powertech
business, made him an ideal candidate for this position.”
ENDS.
Powertech House, Hampton Park, 20 Georgian Crescent, Bryanston PO Box 228, Sloane Park, 2152, South Africa
Tel +27 (0)11 706 7184 Fax +27 (0)11 706 1036 info@powertech.co.za www.powertech.co.za
Reg. No. 1946/022346/07 Directors: Dr WP Venter* (Chairman), NM Kayton (Chief Executive Officer), L Viljoen (Chief Operating Officer), MC Berzack**, HJ Coetzee, KG Edmond, GL Geldenhuis, RL Krüger, S Mkhabela*, PA Nothard, PC Riley
(British), AMR Smith (British)*, RE Venter*, (* non-executive) (** independent non-executive)
Powertech, a wholly owned subsidiary of the JSE-listed Altron group, has an annual turnover of over
R 7 billion and employs some 4,500 people in over 10 countries in Africa, Europe and Asia. Its products
such as cables, transformers, batteries and electrical accessories, and services such as engineering and
project management are offered to the power utilities, mines, large industries, transport,
telecommunications as well as building and construction industry customers. More information on the
Powertech group and all of its subsidiaries is available on the Internet at www.powertech.co.za.
For additional information contact :
Neil Kayton – Chief Executive Powertech
Telephone: 011 706 7184 or Cell 082 806 5546
Or
Regula Niehus – Communications Manager Powertech.
Telephone: 011 706 7184 or Cell 083 442 6777
Sponsor to Allied Electronics Corporation : Investec Bank Limited
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