DTC
DTC
DTC - Datatec Limited - Board Changes
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
BOARD CHANGES
Datatec Limited ("Datatec" or "the Group", JSE and LSE: DTC), the international
Information & Communications Technology (ICT) group, announces the appointment
of Mr John McCartney as a non-executive director to the Board of Datatec with
effect from 16 July 2007.
John F McCartney, aged 54, is Chairman of the Board of A. M. Castle Corp.
(NYSE), a speciality steel distributor based near Chicago, IL. John was
formerly president and chief operating officer for US Robotics, as well as
president of 3Com Corporation`s Client Access Unit. He joined the executive
management team of US Robotics in 1984. John is also a director of Federal
Signal Corporation and Huron Consulting Group, Inc.
Mr McCartney was previously a non-executive director of Datatec from 11 May 1998
to 30 September 2002 and has been a non-executive chairman of Westcon Group,
Inc. from 1 October 2002 to date. Mr McCartney will serve as a member of the
remuneration and nomination committee.
Separately, Colin Brayshaw, one of the non-executive directors who is the
Chairman of the audit, compliance and risk committee, will be standing down from
the Board of Datatec at the Group`s AGM on 6 August 2007. Chris Seabrooke will
become Chairman of the audit, compliance and risk committee.
Stephen Davidson will be appointed to the new role of Deputy Chairman with
effect from the AGM on 6 August and he will also succeed Chris Seabrooke as
Chairman of the remuneration and nomination committee.
Leslie Boyd, Datatec Chairman, said:
"We are delighted that John is re-joining the Board. He has considerable
experience in the ICT arena in the United States including being a non-executive
Chairman of Westcon Group. His contribution will be extremely valuable.
"I would also like to acknowledge Colin`s significant contribution to the
group`s affairs since he joined the Board in 2001. He has played an important
part in the Group`s financial turnaround, particularly as Chairman of the audit
compliance and risk committee"
In accordance with Rule 17 and Schedule 2, paragraph (g) of the AIM Rules, the
following information is disclosed:
John McCartney holds 233,000 ordinary Datatec shares and 125,000 share options
with a strike price of ZAR 18.06. In addition to John McCartney`s directorships
mentioned above he has held one other directorship within the past five years,
namely that of Next Level Communications, Inc.
11 July 2007
Enquiries:
Datatec Limited (www.datatec-group.com)
David Pfaff, Group Finance Director +44 1753 737111
Simon Morris, Group Financial Controller +44 1753 777353
Dresdner Kleinwort
James Rudd + 44 (0)20 7623 8000
College Hill
Adrian Duffield/Corinna Dorward + 44 (0) 20 7457 2020
Nick Williams +27 (0) 11 447 3030
Date: 11/07/2007 13:00:01 Produced by the JSE SENS Department. |