AECI LTD - Retirement and Appointment of Chairman

Mittwoch, 30.11.2016 08:00 von

PR Newswire

AECI Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
“AECI” or “the Company”

RETIREMENT AND APPOINTMENT OF CHAIRMAN

Shareholders were advised on 26 July 2016 that Schalk Engelbrecht would retire from his position as Chairman of the Company and the Board of Directors (“the Board”) at the end of February 2017.

AECI is pleased to announce the appointment of Dr Khotso Mokhele as Chairman with effect from 1 March 2017.  Khotso joined the Company’s Board as an Independent Non-executive Director on 1 March 2016.

The Board thanks Schalk for his input and guidance over several years and looks forward to working with Khotso in his new role.

Woodmead, Sandton

30 November 2016

Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)