CARTRACK HOLDINGS LIMITED - Change to the board of directors

Release Date: 02/07/2018 17:50
Code(s): CTK
Wrap Text
Change to the board of directors

(Incorporated in the Republic of South Africa)
(Registration number 2005/036316/06)
Share code: CTK
ISIN: ZAE000198305
(‘Cartrack’) or (“the Group”)


In compliance with paragraph 3.59 (b) of the JSE Listings Requirements, shareholders are advised
of the resignation of an executive director and appointment of a replacement executive director, in
accordance with the Group’s succession plan, as set out below:

John Richard Edmeston, who was due to retire in April 2019, has recently relocated to Cape Town
and has decided to pursue other opportunities. He resigned from Cartrack and will accordingly,
with effect from 1 September 2018, cease to be Chief Financial Officer (“CFO”) and Deputy Global
Chief Executive Officer.

The Board thanks John for his extensive contribution over 10 years with the Cartrack Group.

Morné Grundlingh has been appointed as CFO with effect from 1 September 2018. Morné is a
qualified Chartered Accountant and a member of the South African Institute of Chartered
Accountants (SAICA) and the Institute of Chartered Accountants in England and Wales (ICAEW).
He holds a BComm (Hons) degree from the University of Johannesburg and a M.Sc. (Accounting
and Finance) from Birmingham City University. After finishing his training in 2000 at Deloitte, Morné
worked at Blackrock and Barclays in the London and Singapore offices. Morné initially joined
Cartrack in February 2017 as CFO for the Asia Pacific region.

2 July 2018

The Standard Bank of South Africa Limited

Date: 02/07/2018 05:50:00 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.

Email this JSE Sens Item to a Friend.

Share This Story