Powertech subsidiary appoints new CEO

Aberdare Cables, the power cable manufacturer subsidiary of Powertech Technologies, who are in turn a wholly owned subsidiary of the JSE-listed Altron group, has confirmed the appointment of Keith Edmond as CEO.

Edmond first joined Aberdare in 2009 as CFO. He was then appointed marketing, sales and distribution director in 2010 and in March 2012 he was promoted to CEO-designate, after the announcement of the retirement of  Harry Coetzee from August 31, 2012.

Edmond holds Bachelor and Honours degrees in Accounting Science. He is a Chartered Accountant (SA) and a member of both the SA Institute of Chartered Accountants and the Gauteng Society of Chartered Accountants.

“Aberdare Cables is one of the largest operations within Powertech and a major business in the Altron group. It was imperative that we appoint a strong leader to drive this business forward. We believe that Keith possesses the right skills for the role,” said Neil Kayton, Powertech Group CEO.

In a tough economic climate Edmond sees his key objective as achieving sustainable growth for the company. Commenting on his future ambitions for Aberdare Cables, Edmond said: “It is my goal for Aberdare to focus on generating a good return on investment over the short to medium term.”

Aberdare Cables has three manufacturing sites in Gauteng, Port Elizabeth and Pietermaritzburg.

Powertech has an annual turnover of over R 7 billion and employs some 4,500 people in over 10 countries in Africa, Europe and Asia.

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Powertech subsidiary appoints new CEO