Directorate Change

RNS Number : 2431S

Investec PLC

17 November 2011

 



Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: INL ISIN: ZAE000081949

Investec plc Incorporated in England and Wales Registration number 3633621 JSE share code: INP ISIN: GB00B17BBQ50

As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure, Transparency and Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

Accordingly we advise of the following:

Investec plc and Investec Limited - Directorate changes

The Board announces that, following the announcement on 18 February 2011, Hugh Herman has today stepped down as Chairman of the boards of Investec Limited and Investec plc (the "Board") after serving as Chairman for 18 years.

The Board would like to thank Hugh for his contribution to the group over such a long period.  Since he joined the Board in 1994, Investec has grown from a small South African financial services company into an international FTSE100 specialist bank and asset manager. Hugh has played an invaluable role, as a colleague and friend, in chairing the Board and supporting the executive team during this time and the whole Board wishes him well in his retirement.

Fani Titi and Sir David Prosser, who have served on the Investec Limited and Investec plc boards, for 7 years and 5 years respectively, will assume the role of Joint Chairman with effect from today. Fani Titi is currently Chairman of Investec Bank Limited and Sir David Prosser is the group's Senior Independent Non-Executive Director. Sir David Prosser will step down as Senior Independent Director and George Alford will be appointed in his place. Sir David will also assume the role of Chairman of Investec Bank plc from today.

Contact for queries

Investec

Hugh Herman: [phone]

Fani Titi: [phone]

Sir David Prosser: [phone]

Brunswick - South African PR Advisors

Marina Bidoli or Cecilia De Almeida: [phone]

Citigate Dewe Rogerson - UK PR Advisors

Jonathan Clare or Tom Baldock:  [phone]

 

END

 

 

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