Craig Venter steps down
Craig Venter will resign as CEO of Altron TMT and as an Altron director, effective 31 July 2015. He has worked for the group, founded by his father Bill Venter, in various positions for the last 27 years. Altron unveiled a new group strategy earlier this month in which it announced that it will transition from a family managed business to an independent management structure. The Venter family will remain a committed shareholder and will retain its 56% shareholding in Altron. Going forward, Altron will focus on selling off some non-core assets and entering into equity and technology agreements with some international partners. In terms of succession details, the group will make further announcements in due course.