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Ipsa Group CEO dies suddenly

Johannesburg - The Ipsa Group [JSE:IPS] announced the sudden death on Tuesday of Phil Metcalf, CEO of the company since September 2011.

"On behalf of the company, I would like to express our appreciation for the contribution Phil has made. He was a leader of integrity and honesty, who was dedicated to his work and will be difficult for us to replace. He will be greatly missed," said Richard Linnell, chair of the board.

In the interim period, Peter Earl has agreed to take on the role of acting CEO. A further announcement will be made in due course.

Ipsa Group is an expanding independent power producer.
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