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TRANSPACO LIMITED - Change to Board of Directors

Release Date: 20/04/2015 10:55
Code(s): TPC     PDF:  
Wrap Text
Change to Board of Directors

TRANSPACO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1951/000799/06)
Share code: TPC & ISIN: ZAE000007480
("Transpaco")


Change to Board of Directors

In compliance with Section 3.59(c) of the JSE Listing Requirements, Transpaco
shareholders are advised that Archie Aaron aged 83 on his own initiative and with the
approval of the board has relinquished the Chairman position of Transpaco with effect from
30 June 2015.

As a member of the Transpaco Board since 1987 and Chairman from 2003 his support,
dedication and contribution to Transpaco has been immense. Archie has played a pivotal
role in the development, growth and success of the group.

Derek Thomas who joined the Transpaco Board in June 2005 has been appointed as
Chairman of Transpaco with effect from 1 July 2015.

As the managing director of CEPPWAWU Investments, Transpaco’s BBBEE
shareholder, Derek has significantly contributed to the company’s growth and development.
Derek’s qualifications comprise of a B.Com (Hons) (Economics), MCom (Economics) and
MSc (Development Economics). He has 12 years’ experience as a strategy and economics
consultant.

Archie will continue to serve on the board to provide guidance and wise council to Derek
allowing for a seamless transition.

Derek is not independent therefore Stephen van der Linde has been appointed Lead
Independent Director with effect from 1 July 2015.


Johannesburg
20 April 2015

Sponsor: Investec Bank Limited

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