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ALLIED ELECTRONICS CORPORATION LIMITED - Appointment of Chief Financial Officer

Release Date: 14/03/2019 09:00
Code(s): AEL     PDF:  
 
Wrap Text
Appointment of Chief Financial Officer

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron”)

APPOINTMENT OF CHIEF FINANCIAL OFFICER

In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are
advised that Mr Cedric Miller has been appointed as Chief Financial Officer (“CFO”) and
executive director of Altron, with effect from 1 May 2019.

Mr Miller is a qualified CA (SA) and CFP, and holds an advanced certificate in Taxation. He has
been a member of a number of board and executive committees within the Standard Bank
Group, has a strong commercial acumen and a proven record of delivering insights into strategy
implementation and executive decision-making in high performance teams.

Mr Miller’s most recent capacity in the Standard Bank Group has been as CFO for Personal
and Business Banking (Global). Previously, Mr Miller was the CFO for the Global Investment
Banking division within Standard Bank and has also occupied the position of Chief Operations
Officer (“COO”) of Standard Bank’s subsidiary in Argentina.

Following Mr Miller's appointment, Mr Andrew Holden, the Altron Group COO, will step down
as acting CFO, with effect from 30 April 2019.

The Board expresses its appreciation to Mr Holden for assuming this additional role over the
past number of months. The Board furthermore welcomes Mr Miller to his new role and looks
forward to his contribution to the Altron Group.

Johannesburg
14 March 2019


Sponsor
Investec Bank Limited

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