HUDACO INDUSTRIES LIMITED - Retirement of CEO and appointment of successor

Retirement of CEO and appointment of successor

HUDACO INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
Registration Number 1985/004617/06
Share Code: HDC      ISIN: ZAE000003273
("Hudaco" or "the company")


Retirement of CEO and appointment of successor

Stephen Connelly, who has been chief executive of Hudaco for 22
years, will retire as an executive director on 30 June 2014.
Graham Dunford, currently chief executive of the Bearing and
Power Transmission division and who joined Hudaco in 2001, has
been appointed chief executive with effect from 1 July 2014. Mr
Connelly will serve as a consultant until the end of the 2014
financial year in order to ensure a smooth transition and will
remain on the board as a non-executive director thereafter.

The board thanks Mr Connelly for his contribution to the group
during his tenure as CEO and wishes him good health in his
retirement.


Johannesburg
27 March 2014

Sponsor
Nedbank Capital

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