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CLICKS GROUP LIMITED - CEO Retirement and Succession

Release Date: 21/09/2018 08:00
Code(s): CLS     PDF:  
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CEO Retirement and Succession

CLICKS GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1996/000645/06
JSE share code: CLS
ISIN: ZAE000134854
CUSIP: 18682W205
("Clicks Group" or "the group")

CEO RETIREMENT AND SUCCESSION

Shareholders are advised that David Kneale will retire as Group Chief Executive Officer and as an
executive director of the group, effective 1 January 2019. He will then assume the role of Group
Strategic Advisor until 31 August 2019 while he serves his contractual notice period. This will enable
the group to leverage David’s extensive health and beauty retailing expertise and ensure a seamless
transition to the new CEO, Vikesh Ramsunder.

Vikesh Ramsunder (47), the current Clicks Chief Operating Officer, will be appointed as the Group
CEO and as an executive director of Clicks Group on 1 January 2019. Vikesh has been with the group
since 1993 and has held numerous roles across multiple disciplines and business units. Vikesh served
as the UPD Managing Director from 2010 to 2015, overseeing the implementation of UPD’s
successful distribution strategy. He was appointed to his current role as Clicks Chief Operating
Officer in early 2015 where he has been responsible for driving the strong growth in Clicks’ health
and beauty market shares.

Commenting on the leadership changes, Chairman David Nurek said: “David joined the group in
2006 and is an exceptional leader who has spearheaded the strong growth in the company’s core
markets. Under his leadership the group has delivered superior returns to shareholders and seen the
market capitalisation grow to R50 billion, with the group recently joining the FTSE/JSE Top 40 Index.
David has built a strong executive leadership team capable of sustaining the company’s commercial
success.

“Vikesh’s appointment confirms the strength and quality of our internal talent. His proven track
record and depth of experience makes him the ideal CEO succession candidate.

“On behalf of the board and the employees, we thank David for his valuable contributions as we look
forward to continuing his legacy of success.”

David Kneale said: “Clicks is the customers’ first choice health and beauty retailer with market-
leading shares across all our key categories and UPD is the leading pharmaceutical wholesaler. I
have been privileged to have led this great team. Vikesh has been developed and mentored as my
successor over several years and is highly respected by both employees and external stakeholders of
the group.

“I have thoroughly enjoyed working with the board and the leadership team and am delighted that I
will continue to contribute in an advisory capacity until my retirement.”

Cape Town
21 September 2018
Sponsor: Investec Bank Limited

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