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15 Oct 2007 14:28
AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number. 1924/002590/06)
Share code: AFEP & ISIN No. ZAE000000238
("AECI" or "the Company")
APPOINTMENT OF A NON- EXECUTIVE DIRECTOR
AECI is pleased to announce the appointment of Zellah Fuphe (39) as a non-executive director of the Company, with effect from 1 November 2007.
A graduate of the University of Cape Town, Zellah was appointed managing director of Worldwide African Investment Holdings ("Worldwide") in March 2004. She is responsible for driving that group`s strategy and investment opportunities in sub-Saharan Africa. Under her leadership, Worldwide has restructured into the only South African black-owned and managed investment holding company focusing exclusively on the broader energy sector.
Prior to this, Zellah was managing director of Afric Energy Resources, a wholly-owned subsidiary of Worldwide. In 2000 she was appointed managing director of Afric Oil, another subsidiary of Worldwide and the first BEE transaction in the liquid fuels sector in 1995.
Zellah is a past member of the IPM Publications Board, secretary general of African Minerals and Energy Forum as well as an executive committee member of the World Petroleum Council (International). She previously chaired Oil Pollution Control South Africa, the South African National Committee of the World Petroleum Council and 18th World Petroleum Council 2005. She currently holds directorships with Engen Limited, Afric Oil (Chair), Plessey, Worldwide Coal Carolina and the Oceana Group.
AECI welcomes her to the Board and looks forward to benefiting from her experience and expertise.
Sandton15 October 2007Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
AECI LTD
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