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ALLIED TECHNOLOGIES LIMITED - Appointment of Chief Operating Officer

Release Date: 16/10/2012 09:00
Code(s): ALT     PDF:  
Wrap Text
Appointment of 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 Group appoints Laurence Savage as Chief Operating Officer

Allied   Technologies   Limited (Altech),  the Johannesburg Stock
Exchange-listed multibillion-rand technology group, has appointed
Laurence Savage to the position of Chief Operating Officer (COO)
effective January 2013.

Mr Savage brings to the group a wealth of experience spanning various
industries, including the media, electronics, engineering and
automotive sectors.

Craig Venter, the Chief Executive Officer of Altech,says he is
pleased to welcome Mr Savage to the Altech Group.

“Mr Savage’s experience globally, his knowledge of the African
continent, as well as his educational background and leadership
ability, make him a perfect fit for the role of COO given the group’s
offering and its future plans,” says Mr Venter.

“We are convinced that Mr Savage will offer insights that will
further bolster the Altech management team as we move the group
towards sustainable growth,” adds Mr Venter.

Among his many senior management roles, Mr Savage has previously been
Managing   Director  at   Genrec  Engineering;  and   Hall  Longmore,
structural steel fabricators and pipe manufacturing companies
respectively. (Genrec Engineering and Hall Longmore are part of the
Murray and Roberts Group). He also held the position of Chief
Executive at Avis Fleet Services, where he was responsible for the
entire Southern Africa cluster.

Mr Savage says he is excited about his new appointment: “I am very
pleased to be joining the Altech Group, and inspired about the
direction that the group is moving in.”

He holds both engineering and business qualifications, with an MBA
from Milpark Business School. He has also completed an advanced
executive programme at Northwest University in Chicago, USA.
Mr Savage also brings to the group an impeccable deal-making and
turnaround track record, that he will utilise in maximising
shareholder value in Altech’s existing and future ventures.

Mr Venter says the Altech Group is a multinational organisation that
operates in various and unique geographies.

“We need a strong and talented team to tackle the challenges ahead of
us and we believe that in Laurence, we have found a competent,
energetic and driven leader, who has what it takes to inspire our
resources as we consolidate and grow our position in the market,”
says Mr Venter.


Johannesburg
16 October 2012

Sponsor
Investec Bank Limited

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