22nd Jan 2013 12:23
Bumi plc ("Bumi" or the "Company")
22 January 2013
For Immediate Release
Announcement
The board of Bumi plc notes the statement this morning from NR Investments regarding the qualifications of Nick von Schirnding, Bumi's Chief Executive Officer. The board confirms that it is entirely satisfied with Nick's performance and qualifications. He holds a degree in law from University of Cape Town and practised as a prosecutor for the SA Defence Force. He was sponsored by Anglo American through management training at the University of Witwatersrand, which took the participants to a Bachelor of Commerce accounting level.
Sir Julian Horn-Smith, Senior Independent Director and Chairman of Bumi plc's Nominations Committee said:
"Nick is doing an outstandingly good job while putting up with these poorly judged attempts to tarnish his reputation as part of a campaign to take over the company. This is an extraordinary demonstration of a confrontational style which does not create value for shareholders."
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