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

WORKFORCE HOLDINGS LIMITED - Change to the Board of Directors Resignation of CEO and Change in Function of Executive Chairman

Release Date: 05/06/2018 13:25
Code(s): WKF     PDF:  
Wrap Text
Change to the Board of Directors – Resignation of CEO and Change in Function of Executive Chairman

WORKFORCE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/018145/06)
Share code: WKF ISIN: ZAE000087847
(“Workforce” or “the Group”)


CHANGE TO THE BOARD OF DIRECTORS – RESIGNATION OF CEO AND CHANGE IN FUNCTION OF EXECUTIVE CHAIRMAN


In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of
directors of Workforce (“the Board”) hereby notifies shareholders that Mr Philip Froom has resigned
as chief executive officer and executive director, with effect from 30 June 2018, in order to pursue
personal interests. We wish to thank Mr Froom for his valued contribution to the Group and wish
him every success with his future endeavours.

With effect from 1 July 2018, Mr Ronald Katz, the executive chairman of the Group, will assume
the role of interim chief executive officer, until a further announcement is made.

Accordingly, shareholders are advised that Mr John Macey, the lead independent non-executive
director will become interim chairman effective 1 July 2018. As such, Mr John Macey can no longer
remain chairman of the Audit and Risk Committee and will accordingly step down, while still
remaining a member. Ms Kyansambo Vundla, a current member, will become chairperson of the
Audit and Risk Committee effective 1 July 2018.


Johannesburg
5 June 2018

Designated Adviser
Merchantec Capital

Date: 05/06/2018 01:25:00 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