12th Jun 2008 07:00
|
Immediate Release |
12 June 2008 |
Central Rand Gold Limited. ("the Company")
(Incorporated as a company with limited liability under the laws of Guernsey,
Company Number 45108)
(Incorporated as an external company with limited liability under the laws of
South Africa, registration number 2007/0192231/10)
ISIN: GG00B24HM601
Share code on LSE: CRND
Share code on JSE: CRD
Board Changes
The Company is pleased to announce the appointment of Sarel Johan du Toit, 38, as Finance Director with effect from 1 August 2008. Johan du Toit joins Central Rand Gold from BHP Billiton where, based in Johannesburg, he headed up the South African and European Financial Shared Services for BHP Billiton plc, delivering all aspects of financial management and reporting. From 1996 to 2004, he worked for Standard Bank of South Africa, reporting to the board on financial management, performance analysis and latterly coordinating Standard Bank's three year strategic financial forecast.
Having been instrumental in the development of Central Rand Gold and its dual listing in London and Johannesburg last year, Ric Vittino has decided to leave the Company. He will remain at Central Rand Gold until the end of August 2008 to ensure an orderly transition to Johan du Toit.
Alastair Walton, Chairman, commented "Ric Vittino has played an important role in the development of Central Rand Gold, from the formation of the Company's forerunner, Rand Quest Syndicate Limited in Perth in 2003. On behalf of the Board I would like to give our sincere thanks to both Ric for his tireless work and also to his family in Perth who have given Ric strong support as the management of the Central Rand Gold project moved from Perth to Johannesburg. The appointment of Johan du Toit as Finance Director, following the recent appointment of Michael McMahon as a Non-Executive Director, further strengthens the Board's South African composition as we focus on our future mining activities."
Greg James, Chief Executive, commented "Ric has been a central pillar to Central Rand Gold and he will be sorely missed. We welcome Johan du Toit as an extremely strong and professional Finance Director who has demonstrated the financial skills required to manage large scale processes and mining operations, reporting to the exacting standards of the world's leading mining company."
There are no matters that require disclosure under FSA Handbook Listing Rule 9.6.13 in respect of Mr du Toit.
Issued on behalf of: Central Rand Gold Limited
Date: 12 June 2008
Contact:
Greg James
Ric Vittino
Wayne Epstein
(011) 551 4000
Enquiries:
Buchanan Communications Limited +44 (0) 20 7466 5000
Bobby Morse / Ben Willey
Evolution Securities Limited +44 (0) 20 7071 4300
Simon Edwards / Chris Sim / Neil Elliot
Jenni Newman Public Relations (Pty) Ltd + 27 (0) 11 772 1033
Jenni Newman / Megann Outram
Macquarie First South Corporate Finance + 27 (0) 11 343 2307
Amanda Markman / Thato Morojele / Annerie van den Berg
Related Shares:
Central Rand Gold