Allied Electronics Corporation Limited announced that Mr. Andrew Holden, Altron's Chief Operating Officer has tendered his resignation effective from 31 May 2021. Mr. Holden's resignation applies to all his roles and responsibilities within the Altron Group and its affiliates effective from 31 May 2021. In line with the strategic direction of the Altron Group (Altron 2.0), the Board has elected not to replace the role of the Chief Operating Officer and Mr. Holden's portfolio will be absorbed by the existing Chief Executive Officer, Mr. Mteto Nyati who has been a part of the Altron Group since 2017. Other operational functions handled by Mr. Holden will be assumed by some members of the Executive Committee and this is in line with achieving cost efficiencies.