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    AEL   ZAE000191342

ALTRON LIMITED

(AEL)
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Allied Electronics Corporation Limited Announces Executive Changes

07/29/2021 | 01:30am EDT

Following the retirement of Altron's long-standing Chairman, Mr. Mike Leeming at the Annual General Meeting held on 28 July 2021, the Board announced the appointment of Mr. Stewart van Graan as Chairman of the Altron Board effective from 28 July 2021. Mr. van Graan, who has a strong background in technology with a focus on commercial success, has been an independent non-executive director of the Altron Board from 2017 and currently chairs the Altron Social Ethics and Sustainability Committee and is a member of the Altron Audit Committee, the Altron Risk Committee and Altron Investment Committee. Mr. van Graan was formerly the Managing Mr. van Graan will resign as member of Altron's Audit Committee effective from close of business on 28 July 2021 and will assume the role of Chairman of Altron's Nomination Committee effective from 28 July 2021. Mr. van Graan will continue to chair Altron's Social Ethics and Sustainability Committee until such time as the Board has appointed a successor to the role in accordance with its succession plans. The Board announced the appointment of Mr. Nicholas Bofilatos (39) will assume the role of Altron's executive director of the Altron Board and member of the Altron Risk Management Committee effective from 29 July 2021.


ę S&P Capital IQ 2021
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Financials
Sales 2021 7 450 M 502 M 502 M
Net income 2021 12 154 M 819 M 819 M
Net Debt 2021 1 010 M 68,0 M 68,0 M
P/E ratio 2021 0,36x
Yield 2021 4,16%
Capitalization 4 032 M 272 M 272 M
EV / Sales 2020 1,24x
EV / Sales 2021 0,71x
Nbr of Employees -
Free-Float 24,9%
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Managers and Directors
Mteto Nyati Chief Executive Officer & Executive Director
Nicholas Bofilatos Chief Financial Officer & Executive Director
Stewart van Graan Chairman
Sayeeda Khan Group Executive-Risk & Compliance
Grant Glenn Gelink Independent Non-Executive Director
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