Lonrho
(London)
28 February 2008
SPONSOR WIRE
Lonrho Plc (“Lonrho” or “the Company”) (AIM: LONR) today announces that it has recruited a senior executive, Peter Albeck, as General Manager of Lonrho’s Port and Shipping Division.
Peter Albeck joins the Company from Safmarine, where he was Chief Commercial Officer of the MPV Division from 2002. Safmarine is recognised as one of the world’s leading shipping companies and the industry’s leading specialist in Africa trade. He brings forty years of experience in the port and shipping industry across Africa and the North / South shipping lanes.
Lonrho views the port and shipping industry in Africa as a strategic industry sector, and is focused on building the Company’s current businesses, which includes SA Independent Liner Services Pty Ltd (SAILS) in South Africa and the Lonrho oil services port, Luba Freeport, in Equatorial Guinea. Peter’s role will be to expand Lonrho’s current operations and to deliver new opportunities as appropriate to the Lonrho Board.
SAILS (SA Liners) is a South Africa based container shipping line, with an operating fleet of 6 vessels. The main container service is to exporters and importers on the Europe, West African and South African trade routes.
Lonrho oil services port – Luba Freeport
Luba Freeport acts as a logistics centre for the burgeoning oil and gas industries in the Gulf of Guinea and services major oil companies in the region.
David Lenigas, Executive Chairman of Lonrho, commented:
“I am delighted to welcome Peter to the Lonrho management team. His industry experience and knowledge will be of great assistance in delivering growth in our existing operations and in evaluating several exciting new opportunities that the Board is considering.
“Peter’s distinguished career within the African shipping industry and his entrepreneurial appetite to develop new businesses will be of great benefit to Lonrho’s growing Port and Shipping Division. Lonrho has identified the shipping and ports industry, with its considerable opportunities for growth, as a key value driver for the Group.”
ENQUIRIES
NOTES TO EDITORS
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful business throughout Africa. The Company is listed on the London AIM stock exchange (LONR). Lonrho is strategically focused on the development of business opportunities in infrastructure, transportation, support services and natural resources. The Company has over 20,000 shareholders and substantial institutional backing to support its mandate to build a profitable business that plays a fundamental role in the development of the African economy.
Since 2006, the Company has invested in or acquired control of:
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