28th Feb 2008 07:02
Lonrho PLC28 February 2008 28th February 2008 LONRHO PLC ("Lonrho" or the "Company") LONRHO RECRUITS GENERAL MANAGER TO EXPAND PORT AND SHIPPING DIVISION Lonrho Plc ("Lonrho" or "the Company") (AIM: LONR) today announces that it hasrecruited a senior executive, Peter Albeck, as General Manager of Lonrho's Portand Shipping Division. Peter Albeck joins the Company from Safmarine, where he was Chief CommercialOfficer of the MPV Division from 2002. Safmarine is recognised as one of theworld's leading shipping companies and the industry's leading specialist inAfrica trade. He brings forty years of experience in the port and shippingindustry across Africa and the North / South shipping lanes Lonrho views the port and shipping industry in Africa as a strategic industrysector, and is focused on building the Company's current businesses, whichincludes SA Independent Liner Services Pty Ltd (SAILS) in South Africa and theLonrho oil services port, Luba Freeport, in Equatorial Guinea. Peter's role willbe to expand Lonrho's current operations and to deliver new opportunities asappropriate to the Lonrho Board. SAILS (SA Liners) is a South Africa based container shipping line, with anoperating fleet of 6 vessels. The main container service is to exporters andimporters on the Europe, West African and South African trade routes. Lonrho oil services port - Luba Freeport Luba Freeport acts as a logistics centre for the burgeoning oil and gasindustries in the Gulf of Guinea and services major oil companies in the region. David Lenigas, Executive Chairman of Lonrho, commented: "I am delighted to welcome Peter to the Lonrho management team. His industryexperience and knowledge will be of great assistance in delivering growth in ourexisting operations and in evaluating several exciting new opportunities thatthe Board is considering. "Peter's distinguished career within the African shipping industry and hisentrepreneurial appetite to develop new businesses will be of great benefit toLonrho's growing Port and Shipping Division. Lonrho has identified the shippingand ports industry, with its considerable opportunities for growth, as a keyvalue driver for the Group." ENQUIRIES Lonrho Plc +44 (0)20 7016 5105David Lenigas, Executive Chairman +44 (0)7881 825 378Geoffrey White, Chief Executive Officer +44 (0)7717 307 308Emma Priestley, Executive Director +44 (0)7867 785 177 Pelham PRCharles Vivian +44 (0) 20 7743 6672 +44 (0) 7977 297903James MacFarlane +44 (0) 20 7743 6375 +44 (0) 7841 672831 Collins Stewart Europe : NOMAD to LonrhoHugh Field / Jonny Sloan +44 (0) 20 7523 8350 NOTES TO EDITORS About LONRHO: Lonrho Plc is an expanding conglomerate that is rapidly growing a successfulbusiness throughout Africa. The Company is listed on the London AIM stockexchange (LONR). Lonrho is strategically focused on the development of businessopportunities in infrastructure, transportation, support services and naturalresources. The Company has over 20,000 shareholders and substantialinstitutional backing to support its mandate to build a profitable business thatplays a fundamental role in the development of the African economy. Since 2006, the Company has invested in or acquired control of: • Hotel Cardoso - www.hotelcardoso.co.mz• Lonrho Mining - www.lonrhomining.com• Luba Freeport - www.lubafreeport.com• Fly540 - www.fly540.com• Norse Air - www.norseair.co.za• Swissta Holdings - www.swissta.com• SA Independent Liner Services - www.saliners.com• Bytes and Pieces• Kwikbuild - www.kwikbuild.co.za This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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