South African businessman joins Lexmark board

JOHANNESBURG (03/03/2004) - Lexmark International Inc. has announced the appointment of Sello Mashao Rasethaba to its local board of directors, with immediate effect.

According to the company, part of Rasethaba's mission for the company is to leverage existing black empowerment initiatives and relationships, as well as further facilitate growth in this area.

Hans Horn, MD of Lexmark SA, says, "We are delighted to have someone of Sello's calibre and experience within the ICT sector on board, we feel he is the right person to serve the interests of both our partners and the local Lexmark team. Sello's understanding of the inner workings of business, not only in the ICT sector, are a true credit to the individual, and will be an asset to our organization."

Rasethaba is currently the executive director of JSE-listed BEE resource finance house, Matodzi Resources, as well as chairman of advertising giant Saatchi & Saatchi. Past achievements include a term as chairman of the State Information Technology Agency (Sita) as well as chairman of the Transnet tender board.

Rasethaba says: "It is refreshing to be able to work with a company whose core values and mission are as clearly defined as my own. I look forward to being able to bring a local flavor to the Lexmark strategy in SA, as well as opening new doors and identifying new opportunities within the sector that is my passion, that being ICT."

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