Press Releases

David Kneale appointed Chief Executive

Release Date: 2006/01/23

Cape Town - David Kneale has been appointed chief executive officer of New Clicks Holdings to succeedTrevor Honneysett who will be taking early retirement from the group. Mr Kneale (51) was appointed deputy chief executive officer of the group in October 2005.

Mr Honneysett (57) has been with the group for 35 years and was appointed chief executive in 1988.

New Clicks chairman, David Nurek, said Mr Honneysett had made a very substantial contribution to the group over the years and under his leadership the business had grown from a single retail chain of less than 100 stores into a multi-brand retailer with over 700 stores and annual turnover of close to R9 billion.

Trevor has dedicated his entire career to the group and we wish him well in his retirement. Fortunately he has agreed to stay on with the group for a few months to ensure a structured handover of responsibilities to David Kneale.”

“The board firmly believes that David, together with the other members of the executive team, Keith Warburton and Michael Harvey, have the ability, skill and energy to lead the turnaround in the group’s performance.”

Mr Kneale was previously chief commercial officer of listed health and beauty retailer, Boots Group plc, in the United Kingdom and served on the Boots executive committee. During his career at Boots he held senior positions in the retail area of the business and was appointed managing director of international retail development in 1997. After a three-year spell as managing director of Waterstone’s Booksellers he returned to Boots in 2002 as director of trading and was appointed chief commercial officer in January 2003.

Ends
Issued by Tier 1 Investor Relations on behalf of the Clicks Group
For further information kindly contact
Graeme Lillie, Tier 1 Investor Relations 021 702 3102 / 082 468 1507