June 20 - Roland Cumings has been named managing director of South African heavy lifting and transport specialist Vanguard, with effect from June 1.

Bryan Hodgkinson, who has held the role of managing director for the past 20 years, will remain on Vanguard's board of directors.

Meanwhile, company shareholders Hodgkinson and Philippe Tellier have agreed to buy Grindrod's 50 percent stake in Vanguard. The transaction will become effective on July 1.