Altech Group appoints Laurence Savage as Chief Operating Officer
16 October 2012
Altech Group appoints Laurence Savage as Chief Operating Officer:
Allied Technologies Limited (Altech), the Johannesburg Stock Exchange-listed multibillion-rand technology group, has appointed Laurence Savage to the position of Chief Operating Officer (COO) effective January 2013.
Mr Savage brings to the group a wealth of experience spanning various industries, including the media, electronics, engineering and automotive sectors.
Craig Venter, the Chief Executive Officer of Altech, says he is pleased to welcome Mr Savage to the Altech Group.
“Mr Savage’s experience globally, his knowledge of the African continent, as well as his educational background and leadership ability, make him a perfect fit for the role of COO given the group’s offering and its future plans,” says Mr Venter.
“We are convinced that Mr Savage will offer insights that will further bolster the Altech management team as we move the group towards sustainable growth,” adds Mr Venter.
Among his many senior management roles, Mr Savage has previously been Managing Director at Genrec Engineering; and Hall Longmore, structural steel fabricators and pipe manufacturing companies respectively. (Genrec Engineering and Hall Longmore are part of the Murray and Roberts Group). He also held the position of Chief Executive at Avis Fleet Services, where he was responsible for the entire Southern Africa cluster.
Mr Savage says he is excited about his new appointment: “I am very pleased to be joining the Altech Group, and inspired about the direction that the group is moving in.”
He holds both engineering and business qualifications, with an MBA from Milpark Business School. He has also completed an advanced executive programme at Northwest University in Chicago, USA.
Mr Savage also brings to the group an impeccable deal-making and turnaround track record, that he will utilise in maximising shareholder value in Altech’s existing and future ventures.
Mr Venter says the Altech Group is a multinational organisation that operates in various and unique geographies.
“We need a strong and talented team to tackle the challenges ahead of us and we believe that in Laurence, we have found a competent, energetic and driven leader, who has what it takes to inspire our resources as we consolidate and grow our position in the market,” says Mr Venter.
Notes to Editors:
About Allied Technologies Limited
Allied Technologies Limited (Altech) is listed on the Johannesburg Stock Exchange (JSE). The company focuses on the Telecommunications, Multi-media and Information Technology (TMT) industries and employs more than 3 580 employees in South Africa and abroad.
As a leading South African multi-billion rand group, Altech is involved in the design, development and convergence of Telecommunications, Multi-media systems and IT solutions.
For further information please contact:
Chief Executive Officer: Altech
Tel: +27 11 715 9004
Shenanda Janse van Rensburg
Group Executive: Marketing, PR & Communications - Altech Head Office
Tel: +27 11 715 9031
Mobile: +27 84 777 1977
JSE code: AL