Browsing: Powertech

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New CEO for Altron arm

Altron Group has appointed Neil Kayton as the new CEO of its Powertech subsidiary following the resignation of Norbet Claussen from the position this month. Kayton was Powertech’s chief financial officer. The appointment is effective from 1 July. Kayton, a chartered accountant, joined

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Altron loses Powertech CEO

Norbert Claussen, CEO of Altron subsidiary Powertech, has resigned from his position at the company. He has also stepped down as a director of the Altron board. His departure is effective from 30 June. Claussen joined the Altron group in 1996 as CEO of Willard Batteries. The division expanded to become

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Altron, Altech warn on outlook

Listed technology companies Altech and Altron, its parent, have warned shareholders that market conditions are not improving as quickly as they had hoped and this could undermine earnings. For its part, Altech, which owns

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Altech no longer Altron’s cushion

Altron has been hit by the lagging performance of its traditionally strongest subsidiary, Altech. The group released its interim results for the six months ended 31 August 2010, reporting a 3% dip in revenue from R12,1bn to R11,7bn. However, the group marginally boosted profit