4th Jan 2005 09:30
Nedcor04 January 2005 NEDCOR LIMITED (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 JSE share code: NEDISIN code: ZAE000004875 ("Nedcor") RESIGNATION AND APPOINTMENT OF NON-EXECUTIVE DIRECTORS Following the announcement by Old Mutual plc on 17 December 2004 of the intendedretirement of its chairman, Mr Mike Levett, the board of directors of Nedcorannounces the resignation of Mr Levett as a non-executive director from theboards of Nedcor and Nedbank Limited with effect from 31 December 2004. Mr Bob Head has been appointed as a non-executive director to the boards ofNedcor and Nedbank Limited to replace Mr Levett with effect from 1 January 2005. Mr Head (45) is currently director responsible for group human resources, brandand strategy at Old Mutual plc, based in London. He joined Old Mutual asstrategy director in April 2003 and was seconded to Nedcor in 2004 for sevenmonths as acting chief financial officer. Nedcor chairman, Warren Clewlow, said Mr Head's extensive experience with thebank during the year made him an ideal candidate for a position as non-executivedirector and the board looked forward to benefiting from his financial andstrategic acumen. The board extends its thanks to Mr Levett for the considerable role that he hasplayed as a director and as a member of various board sub-committees over thepast 17 years. Sandton 4 January 2005 For further information contact Tier 1 Investor Relations Tel: +27 (0) 21 702-3102 Sponsors to Nedcor Merrill Lynch South Africa (Pty) Limited Nedbank Capital This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Old Mutual PLC