Cascal N.V. Appoints New Chief Financial Officer
04 September 2009 - 6:05AM
PR Newswire (US)
LONDON, Sept. 3 /PRNewswire-FirstCall/ -- Cascal N.V. (NYSE:HOO), a
leading provider of water and wastewater services in seven
countries, has named Mark Thurston, age 45, as the Company's new
Chief Financial Officer, effective Monday, September 7, 2009.
Thurston will be responsible for all aspects of the Company's
financial management, replacing Steve Hollinshead, who will be
leaving the Company to pursue other business interests. Stephane
Richer, Cascal's Chief Executive Officer, commented on Thurston's
appointment stating, "We are pleased to welcome Mark to Cascal and
view his appointment as a positive step for our company and
shareholders alike. Mark brings almost 25 years of financial
leadership and global operating experience to Cascal, and I am
confident that his significant experience and solid track record in
high-growth environments will support our expansion into new
markets and efforts to broaden our core capabilities. I am also
confident that he will fit in seamlessly with our team." Most
recently, Thurston served as UK Finance Director for Colt
Telecommunications, a 1.2 Billion pounds Sterling revenue B2B
alternative network provider of voice and data services. Prior to
that, he served as Deputy Finance Director for Xansa PLC, an
information technology outsourcing and business process management
company. About Cascal N.V. Cascal provides water and wastewater
services to its customers in seven countries: the United Kingdom,
China, South Africa, Chile, Indonesia, Panama and The Philippines.
Cascal's customers are predominantly homes and businesses
representing a total population of approximately 4.5 million. Learn
more at http://www.cascal.co.uk/ Forward-looking statements This
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are not guarantees of future
performance. There are important factors, many of which are outside
of our control, that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements including: general economic business conditions,
unfavorable weather conditions, housing and population growth
trends, changes in energy prices and taxes, fluctuations with
currency exchange rates, changes in regulations or regulatory
treatment, changes in environmental compliance and water quality
requirements, availability and the cost of capital, the success of
growth initiatives, acquisitions and our ability to successfully
integrate acquired companies and other factors discussed in our
filings with the Securities and Exchange Commission, including
under Risk Factors in our Form 20-F for the fiscal year ended March
31, 2009, filed with the SEC on July 1,2009. We do not undertake
and have no obligation to publicly update or revise any
forward-looking statement. Investor Contacts: KCSA Strategic
Communications Jeffrey Goldberger / Yemi Rose +1 212.896.1249 / +1
212.896.1233 / DATASOURCE: Cascal N.V. CONTACT: Jeffrey Goldberger,
+1-212-896-1249, , or Yemi Rose, +1-212-896-1233, , both of KCSA
Strategic Communications for Cascal Web Site:
http://www.cascal.co.uk/
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