Published On: Tue, Jul 31st, 2018

Telcoms veteran Venter quits Altron

DR Bill Venter, founder

DR Bill Venter, founder

JOHANNESBURG – DR Bill Venter, founder of the Altron Group, has retired from his non-executive directorship from the company’s board.

The retirement from the Johannesburg Stock Exchange-listed company is effective immediately.

“I have the utmost confidence in the Board and the executive leadership team, who have successfully repositioned Altron on a new path of growth as an ICT company,” Venter said.

Mike Leeming, Altron Board Chairman, thanked Venter for his contribution to Altron.

He said Venter played an important and central role in the development of the South African electronics industry and the country’s economy as a whole.

“The board furthermore expresses its utmost gratitude to Dr Venter for his entrepreneurial skills, leadership and significant contribution brought to Altron over the years,” Leeming said.

Altron opened for business 53 years ago when Venter, a then 33-year old telecoms engineer, and several colleagues founded United Electric (Pty) Ltd, which was renamed Allied Electric (Pty) Ltd later in the same year.

Since that time the company has grown from a designer and manufacturer of semi-conductor rectifier equipment, battery chargers, inverters, variable speed drives, DC motor controls, DC power supplies, electronic signal equipment and transformers into one of the leading ICT solutions providers on the continent.

In 2009, Venter received the prestigious Life Time Achiever Award from the Ministry of Science and Technology for his contribution to the industry.
– CAJ News

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