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Cuba steps down as Mvela CEO

Dec 01 2010 16:14 I-Net Bridge

Company Data

Life Healthcare Grp Hldg [JSE : LHC]

Last traded R28.60
Change R0.45
% Change 1.60%
Cumulative volume 2.84m
Market cap R29.81bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Mvelaphanda Group [JSE: MCG] announced on Wednesday that Yolanda Cuba would step down as CEO and executive director of Mvela Group with effect from December 31 2010.

This follows the successful listing and unbundling of Mvelaserve on the JSE on Monday, as well as the listing and unbundling of the group's interests in Life Healthcare Group Holdings [JSE:LHC] and Health Strategic Investments earlier in the year.

Mvela Group's remaining interests are now only in listed investments, with the substantial share of the group's investments having been distributed to Mvela Group's shareholders.

Cuba has been the CEO of Mvela Group since 2007. Chairperson Mikki Xayiya will act as CEO until a replacement is appointed.

"Yolanda has been instrumental in many of the group's investments and spearheaded the efforts to realise value for shareholders in line with the board's value unlock strategy. She has been exemplary in her leadership," Xayiya said.

 
 
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