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HUGE GROUP LIMITED - Voluntary Announcement: Resignation of the Managing Director of Huge Telecom

Release Date: 07/11/2018 16:01
Code(s): HUG     PDF:  
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Voluntary Announcement: Resignation of the Managing Director of Huge Telecom

(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Company”)


Shareholders are advised that Gunter Engling, the Managing Director of
Huge Telecom, has resigned with effect from 6 November 2018. Robert
(Rob) Burger, the Financial Director of Huge Telecom, has been
appointed Acting Managing Director.

Rob is a Chartered Accountant and a top level commercial and
financial executive with 17 years of experience in the
telecommunications industry, which he gained while working for
Vodacom. Vodacom is a top 10 listed company in South Africa and is
present in 16 countries in Africa and has 43 offices worldwide through its
association with Vodafone. Rob was appointed as the Financial Director
of Huge Telecom on 1 August 2018.

Rob established the Vodacom Commercial Credit division and
successfully ran the multi-billion Rand commercial credit portfolio for 6
years. Recently, Rob headed up the Vodacom Business finance
function, which included being heavily involved in the commercial
steering of Vodacom Business and in particular, cost containment,
revenue enhancement, pricing and the commercial steering of
customer proposals.

Rob earned a Bachelor of Commerce in Accounting from the University
of Port Elizabeth and a BComm (Honours) from UNISA.

Huge Telecom is a wholly owned subsidiary of Huge Group. The Board of
Huge Group, through its Nomination Committee, will commence a
process of identifying a suitable candidate for Mr Engling’s replacement
and shareholders will be updated accordingly.

The Boards of Huge Group and Huge Telecom would like to thank Mr
Engling for his contribution during his tenure as Managing Director and
wish him luck with his future endeavours.

7 November 2018

Questco Corporate Advisory (Pty) Ltd

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