To view the PDF file, sign up for a MySharenet subscription.

GIJIMA GROUP LIMITED - Changes to the board

Release Date: 12/03/2014 17:30
Code(s): GIJ     PDF:  
Wrap Text
Changes to the board

Gijima Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/021790/06)
Share code: GIJ
ISIN: ZAE000147443
(“Gijima” or “the Company”)

CHANGES TO THE BOARD

Gijima today announced the appointment of Mr. Ernst Röth as Chief Financial Officer (CFO) and
Executive Director, effective 1 April 2014. Mr. Ernst Röth, has for the past 7 years been the Chief
Financial Officer of JSE-listed companies Mvelaphanda Group Limited (4 years: 2007-2010) and
Mvelaserve Limited (3 years: 2011-2013).

Mr. Röth has also worked for Mvelaphanda Holdings (Pty) Ltd as CFO (2003-2007), Boland Bank, the
Auditor-General and has managed his own auditing firm. Mr. Röth is a South African registered
Chartered Accountant, with a Postgraduate Certificate in Advanced Taxation. Mr. Röth has in-depth
commercial and strategic skills across a range of industries, including Services and Financial sectors. Mr.
Röth played a key role in Mvelaserve by turning the company around and transforming it into a R5.4
billion turnover JSE-listed global company.

As a result, Ms. Liesl Tweedie, who stepped in to assist the Company in July 2013, will step down from
the board as acting CFO, with effect from 1 April 2014, but will however continue until the end of April,
to ensure a smooth transition. Ms. Tweedie will remain on a consulting basis to work with our new CFO
on the turnaround.

The Executive Chairman, Robert Gumede, said “the Board is delighted to have recruited a seasoned CFO
with vast listed and turnaround experience, a track record in operating, managing finances and dealings
with investors, analyst, clients and staff. We have now complied with our undertaking to stakeholders to
recruit an experienced CFO. Ernst will form a strong team with our CEO, Eileen".

Eileen Wilton, Chief Executive Officer of Gijima, said, “We are delighted that Mr. Ernst Röth is joining
Gijima. His extensive knowledge and experience make him an ideal fit. With a track record of working
across a broad range of sectors, he is a welcome addition to the team and I am looking forward to
working with him”.

Eileen added, “I would like to, on behalf of the Board and Management, thank Ms. Tweedie, our Interim
CFO, who stepped in to assist the Company since July 2013, for her contribution, value-add and
dedication during this period. The Board has complimented Liesl for a job well done”.

"We expect to make an announcement soon regarding the promised Sales Director appointment," said
Robert Gumede.

Samrand
12 March 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 12/03/2014 05:30:00 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.

Share This Story