Johannesburg, 29 Jan 2008
Datatec ("Datatec", "the group", JSE and LSE: DTC), the international ICT group, has appointed Ivan Dittrich as Group Financial Director with effect from 1 May 2008.
He will join the board on 1 March 2008. Dittrich is replacing David Pfaff, who has decided to resign from the group in order to pursue new investment opportunities. Pfaff will continue to work within the group and remains a director until 31 May 2008, to ensure a smooth handover during the financial year end.
Ivan Philip Dittrich, 35, is a chartered accountant and has worked in a number of roles across the group for nine years.
For the last year he has been Group Corporate Director, reporting to the Chief Executive, with responsibility for the group's corporate head office functions and emerging markets M&A. Prior to that, he was group company secretary for five years, as well as corporate finance manager. He successfully managed the group's dual listing in London during 2006. Prior to joining Datatec, Dittrich worked for PricewaterhouseCoopers in London.
Leslie Boyd, Chairman, commented: "David has made a very valuable contribution over the last six years and has been closely involved with the group's growth and development around the world, including our dual listing in London in 2006. We are sorry that he is leaving, but wish him well in his plans to pursue new investment opportunities, particularly in Africa.
"Ivan has a lengthy history with Datatec and an intimate understanding of the group's operations and businesses around the world, including all financial aspects. He is familiar with the workings of the board and the executive management of the group, in addition to having gained considerable hands-on experience in various operational, group management, financial and corporate finance roles. Ivan will make a significant contribution to the group at a time of our rapid worldwide growth.
"As stated in our most recent Interim Management Statement, the group's performance remains strong and trading continues in line with our expectations."
In accordance with the AIM rules, Ivan Dittrich's holdings under Datatec share schemes are as follows: Datatec Share Options - 12 670 @ZAR 10.96, 8 750 @ ZAR 8.88 and 17 500 @ ZAR 9.69; Datatec Share Appreciation Rights (SARs) - 41 047 @ ZAR 13.76, 23 093 @ ZAR 27.22 and 23 810 @ ZAR 38.64; Long Term Incentive Plan (LTIP) conditional awards: 68 253 in total.
There are no other matters to be disclosed in relation to Schedule 2 paragraph (g) of the AIM Rules.
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