Barloworld - changes to the executive committee

Shareholders are informed that Mr Keith Rankin, the Chief Executive Officer ("CEO") of Automotive, has resigned with effect from 31 May 2019. Keith is leaving to join one of the Company's key principals offshore.

Mr Keith Rankin's resignation has created an opportunity to consolidate and strengthen the Automotive and Logistics business under the solid stewardship of Mr Kamogelo Mmutlana, the current CEO of Logistics, effective 1 June 2019. Mr Mmutlana is an industrial engineer with 21 years of senior business executive experience in operations and management in varied sectors including Logistics, Automotive, Food Services and other related industries, 18 years of which were in senior and executive management roles with blue chip companies.

Mr Charl Groenewald, the current Chief Financial Officer for Equipment, will join the Barloworld Executive team as Divisional CEO, for Barloworld Logistic Africa, reporting to Mr Mmutlana, effective 1 June 2019. Charl Groenewald, a Chartered Accountant (SA) completed the Caterpillar Executive Development Programme through Duke University in 2015. Charl joined Barloworld in 1995 and remained with Barloworld, holding a variety of strategic sales, rental, marketing and customer support positions gaining significant experience in providing successful fiscal, strategic and operational leadership in challenging situations.

2019-02-27 10:08:40