Resignation of the Chief Financial Officer and Appointment of an Acting Chief Financial Officer
ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “Group” or “the Company”)
RESIGNATION OF THE CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR OF THE ALTRON BOARD
AND APPOINTMENT OF AN ACTING CHIEF FINANCIAL OFFICER
The Company announces that Mr. Cedric Miller, Altron’s Chief Financial Officer and executive director
of the Altron Board has tendered his resignation on 31 May 2021. Mr. Miller’s notice of resignation
applies to all his roles and responsibilities within the Altron Group and its affiliates, effective from
30 June 2021.
Mr. Miller will continue to support the Group until 31 July 2021, during which time he will provide a
comprehensive handover to Altron’s Acting Chief Financial Officer. The Board has accepted
Mr. Miller’s resignation and would like to express sincere appreciation to him for his service and wish
him well in his future endeavors.
Mr. Nicholas Bofilatos (39) will assume the role of the Group’s Acting Chief Financial Officer effective
from 1 July 2021.
Mr. Bofilatos has held various positions within the Altron Group from 2019 with his most recent
position held as the Finance Executive: Change Management for the Altron Group, Head of Central
Finance. His prior positions include: CFO; FD and Company Secretary for Ctrack Holdings (Pty) Limited
(Previously Digicore Holdings Limited) and; Senior Manager: Assurance at Ernst & Young. Mr. Bofilatos
has over 15 years’ experience in finance leadership positions. Mr. Bofilatos holds a BCom from the
University of Pretoria; BCompt Hons and Certificate in Theory of Accountancy from UNISA and he is a
The Board will notify the market of a permanent appointment of a Chief Financial Officer in due
31 May 2021
Sponsor: Investec Bank Limited
Date: 31-05-2021 07:05:00
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