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/ 26 November 2007
Denel group chief executive Shaun Liebenberg will not renew his contract when it expires on May 31 next year, the company said on Monday. Liebenberg was appointed in 2005 to manage Denel’s turnaround. While the company posted a loss of R549,1-million for the financial year ended March 31 2007, gross profit rose to R754-million.