Wrap Text
Appointment of CEO at Aberdare Cables
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: 20 September 2012
Keith Edmond confirmed as CEO for Aberdare Cables
Aberdare Cables, the power cable manufacturer subsidiary of Powertech Technologies (Pty) Ltd
(Powertech), who are in turn a wholly owned subsidiary of the JSE-listed Altron group, has confirmed
the appointment of Keith Edmond as chief executive officer (CEO) with effect from 1 September 2012.
Edmond first joined Aberdare in 2009 as CFO. He was then appointed marketing, sales and
distribution director in 2010 and in March 2012 he was promoted to CEO-designate, after the
announcement of the retirement of Mr. Harry Coetzee from 31 August 2012.
Edmond holds Bachelor and Honours degrees in Accounting Science. He is a Chartered Accountant
(SA) and a member of both the SA Institute of Chartered Accountants and the Gauteng Society of
Chartered Accountants.
“Aberdare Cables is one of the largest operations within Powertech and a major business in the Altron
group. It was imperative that we appoint a strong leader to drive this business forward. We believe that
Keith possesses the right skills for the role,” says Neil Kayton, Powertech Group CEO.
In a tough economic climate Edmond sees his key objective as achieving sustainable growth for the
company. Commenting on his future ambitions for Aberdare Cables, Edmond says, “It is my goal for
Aberdare to focus on generating a good return on investment over the short to medium term”.
Aberdare Cables has three manufacturing sites in Gauteng, Port Elizabeth and Pietermaritzburg. It is a
major player in all areas of the cabling industry and provides the broadest cable and related product
range and have the greatest installed capacity. Aberdare’s merger with Crabtree, a manufacturer of
electrical accessories such as plugs, switches, sockets and circuit breakers, affords opportunities for
further growth. Considerable synergies between both companies are leading to greater efficiency in
both operations, generating a positive impact on its customers. The company also recently improved
its BBBEE status to Level 2 (AAA).
END
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.
About Aberdare Cables - www.aberdare.co.za
Aberdare Cables, a subsidiary of Power Technologies (Pty) Ltd (Powertech) is a leading international power
cable manufacturer has played a significant role in the distribution of electrical power in South Africa. In
September 2011 Aberdare merged with fellow Powertech operation, Crabtree Electrical Accessories. Crabtree
manufactures electrical accessories, including conduit and associated fittings, plug tops, multi plugs, extension
leads, switches, sockets and circuit breakers. The addition of electrical accessories to the Aberdare offering adds
a new dimension in servicing the building and construction sector of the South African economy.
All Aberdare and Crabtree products comply with the SANS (South African National Standard) and many carry the
SABS (South African Bureau of Standards) mark. Aberdare Cables has a 65-year history of sustained growth
and achievement. A 30% stake of the South African operation is held by the Izingwe Consortium. With a strong
focus on skills development, enterprise development and socio-economic initiatives Aberdare Cables has a
BBBEE status rating of Level 2 (AAA). More than 2000 people are employed at factories and branches
throughout Southern Africa, Spain, Portugal and Mozambique.
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
Date: 20/09/2012 11:26:00 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.
Sharenet Sites 
