Changes to the board of directors
AFRICAN OXYGEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
(“Afrox” or the “Company”)
CHANGES TO THE BOARD OF DIRECTORS
Afrox shareholders (“Shareholders”) are advised in terms of paragraph 3.59 of the Listings
Requirements of the JSE Limited, the following changes have been made to the Afrox board of
1. Appointment of Chief Financial Officer and executive director
Mr Dorian Devers has been appointed as the Chief Financial Officer and executive director of
Afrox, with effect from 28 May 2015. Mr Devers is currently the Region Africa and United
Kingdom Financial Director for Linde Group AG (“Linde Group”), the holding company of Afrox.
2. Appointment of Chairman
Following the resignation of Mr Michael Huggon, as announced on SENS on 21 May 2015,
Shareholders are advised that Mr Bernd Eulitz has been elected as a member of the Board with
immediate effect and will assume the responsibilities of Chairman from 1 June 2015, until the
current restructuring program at Afrox has been completed.
Mr Eulitz is a member of the Linde Group board of directors and is head of Linde Group’s region
Europe, Middle East and Africa. Due to the positions he holds, he will not be considered an
independent Chairman. Dr Khotso Mokhele will accordingly remain as the lead independent
director in terms of the applicable legislation, King Code and international best practice, which
Afrox strives to uphold. Mr Eulitz brings to the Board a great deal of international experience. He
joined Linde Group in 2004 and since then has held a number of senior posts including regional
business head of the Gases Division (South and East Asia), Singapore: Managing Director, Chief
Executive Officer of PanGas AG (Switzerland), Head of Sales Region East: Gases Division
3. Resignation of independent non-executive director
Shareholders are further advised of the resignation of Mr David Lawrence as an independent
non-executive director of the Company, with effect from 28 May 2015, after having served over
nine years in this capacity. The Board would like to express their gratitude to Mr Lawrence for his
valuable contribution to Afrox since joining the Board in December 2005. As Mr Lawrence was
the Chairman of the Nomination, Governance, Management of Resources Committee (“NGMR
Committee”), Mr Lean Strauss will be assuming the role of Chairman of the NGMR Committee
with immediate effect.
29 May 2015
Date: 29/05/2015 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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