AECI LIMITED
Incorporated in the Republic of South
Africa
(Registration No. 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
("AECI" or "the Company" or "the Group")
APPOINTMENT OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE
Shareholders were advised in AECI's SENS announcement of
25 July 2012 that Graham Edwards intends retiring from his
position as Chief Executive of the Company. The date of his
retirement has now been confirmed as 28
February 2013.
The Board of Directors ("the Board") acknowledges Graham's
service to the Group during his 34-year career and thanks him for
his contribution to the Board since his appointment as an Executive
Director in 2007 and Chief Executive in March 2008.
AECI is pleased to announce that Mark Dytor (51) will succeed
Graham as Chief Executive, with effect from 1 March 2013. Mark will join the Board as an
Executive Director on 2 January 2013
and Graham will remain at AECI until end-March 2013 to assist with the handover of his
responsibilities.
Mark Dytor currently holds a portfolio of Chairmanships at
companies in AECI's specialty chemicals cluster and he has been
leading the Company's strategic growth thrust in mining chemicals.
Having joined Chemical Services Limited ("Chemserve") as a sales
representative in 1984, and after managing two Chemserve companies,
Mark was appointed to Chemserve's Executive Committee in 1998 and
subsequently to its Board. He was appointed to AECI's Executive
Committee in 2010. Within the AECI Group, Mark is also a
Non-Executive Director of AEL Mining Services Limited.
My fellow Board members join me in congratulating him on his
appointment and we look forward to his input as AECI continues to
pursue its strategy of being the supplier of choice for explosives
and specialty chemicals in Africa
and in other developing markets.
Schalk Engelbrecht
Chairman
Woodmead, Sandton
28 November 2012
Sponsor: Rand Merchant Bank (A
division of FirstRand Bank Limited)