Meikles Africa Ld - Re Directorate
May 28 1999 - 11:42AM
UK Regulatory
RNS No 0523r
MEIKLES AFRICA LIMITED
28 May 1999
APPOINTMENT OF CHIEF EXECUTIVE
As part of its strategy for growth and compliance with the
international guidelines on transparency and good corporate
governance, the Meikles group is to be restructured. Mr JRT
Moxon is currently Chairman of Meikles Africa Limited and of
Meikles Consolidated Holdings (Private) Limited, the parent
company, and will remain in these positions, participating
in the implementation of group strategic direction and co-
ordination of business initiatives and operations. However,
good corporate governance requires the separation of the
duties of Chairman and Chief Executive and he will therefore
relinquish his role as Chief Executive of Meikles Africa
Limited.
Mr ACL Parvin, currently a non-executive director of Meikles
Africa will move into a full time executive role as Chief
Executive of that company with effect from 1 October 1999.
In this position he will be responsible for the usual duties
performed by a Chief Executive. He will relinquish his
duties on the Remuneration and Audit committees.
Enquiries:
Meikles Africa Ltd
John Moxon, Executive Chairman Tel: +263 4 730611
College Hill, London
Mark Garraway Tel: +44 171 457 2020
Nicholas Williams
END
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