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ITALTILE LIMITED - Change to the Board of Directors - Appointment of Chief Financial Officer

Release Date: 05/08/2020 07:30
Code(s): ITE     PDF:  
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Change to the Board of Directors - Appointment of Chief Financial Officer

Incorporated in the Republic of South Africa
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
(“Italtile” or “the Group”)


Further to the announcement released on SENS on 5 June 2020 in which shareholders were notified,
inter alia, that Mr Brandon Wood, Executive Director: Retail, would assume the role of Executive
Director: Finance and Administration, until a permanent appointment had been made, and in
compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors
of Italtile (“the Board”) hereby notifies its shareholders that Mr Wood has been appointed as Chief
Financial Officer (“CFO”) with effect from 3 August 2020.

Mr Wood replaces the former Executive Director: Finance and Administration, Ms Tsundzukani
Mhlanga, who resigned with effect from 30 June 2020.

Mr Wood’s appointment follows an extensive recruitment process conducted by the Group´s
Nominations Committee. He is extremely well qualified for the position, having previously served as
Italtile’s CFO from 2013 to 2018, whereafter he held the positions of Executive Director: Commercial
and Supply Chain, and subsequently Executive Director: Retail.

In light of the Board’s stated goal to streamline the Group’s overhead cost structure, accelerated by
the current COVID-19 era, the position of Executive Director: Retail will fall away.

5 August 2020

Merchantec Capital

Date: 05-08-2020 07:30:00
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