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.<\/p>\n
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 \u00a0Harry Coetzee from August 31,\u00a02012.<\/p>\n
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.<\/p>\n
\u201cAberdare 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,\u201d said Neil Kayton, Powertech Group CEO.<\/p>\n
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: \u201cIt is my goal for Aberdare to focus on generating a good return on investment over the short to medium term.”<\/p>\n
Aberdare Cables has three manufacturing sites in Gauteng, Port Elizabeth and Pietermaritzburg.<\/p>\n
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.<\/p>\n
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