MIDRAND, South Africa--(BUSINESS WIRE)--
MiX Telematics (JSE:MIX, NYSE:MIXT) today announced that Mrs. Megan Pydigadu has tendered her resignation as Chief Financial Officer and member of the Board to pursue a new career opportunity in a non competitive industry.
Stefan Joselowitz, Chief Executive Officer at MiX Telematics, said: "On behalf of the Board and staff of MiX Telematics we thank Megan for her valuable contribution to the company over the past six and a half years.” Mr. Joselowitz added “Megan has provided valuable support to the business and has established a strong financial team. We wish her everything of the best in her future endeavours.”
Mrs. Pydigadu thanked MiX Telematics for the opportunities provided to her over the last six and a half years. She added “I have witnessed the company grow into a leading global telematics provider and I wish the team continued success into the future.”
Mrs. Pydigadu will serve a 3 month notice period to ensure a smooth transition of the finance function and an announcement on her successor will be made in due course.
Mrs. Pydigadu has exercised a tranche of options for 750,000 ordinary shares on the JSE (equivalent to 30,000 ADRs on the NYSE) which she intends to sell.
About MiX Telematics Limited
MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to more than 585,000 subscribers in over 120 countries. The company’s products and services provide enterprise fleets, small fleets and consumers with solutions for efficiency, safety, compliance and security. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia and the United Arab Emirates as well as a network of more than 130 fleet partners worldwide. MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock Exchange (NYSE: MIXT). For more information, visit http://www.mixtelematics.com/.
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