Italtile CEO retires
In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the board of directors of Italtile (“the Board”) hereby notifies its shareholders that Mr Nick Booth, Chief Executive Officer of Italtile, has elected to take early retirement with effect from 28 February 2017. He will step down from his executive duties as from 1 December 2016 in order to facilitate an effective handover, and will be available to support the management team until his retirement date.
Mr Jan Potgieter, currently Chief Operating Officer, will be appointed as Chief Executive Officer with effect from 1 December 2016. The position of Chief Operating Officer will not be filled in the foreseeable future.
The Board thanks Mr Booth for his valued contribution over the last three years and wishes Mr Potgieter success in his new role.