Kumba iron ore chairman to retire

Dr Mandla Gantsho intends to retire as Chairman of the board to devote more time to his personal business interests. Dr Gantsho will step down from the Board, including from the Board Committees on which he serves, with effect from the end of the Company’s Annual General Meeting to be held on 14 May 2021.

The Nominations and Governance Committee is in the process of identifying a suitable successor.

Dr Gantsho, Chairman of Kumba, said: “Chairing the Kumba Board since 2017 has been an enormous privilege during what has been a period of considerable volatility and change for the business. I am pleased to have played a part in contributing to a great South African business that will continue to make a significant contribution to our economy and to the communities in which we operate. I am grateful to the Board and shareholders of Kumba for their support.”

Themba Mkhwanazi, CEO of Kumba added: “On behalf of the management team, we wish Dr Gantsho well and thank him for his astute leadership of the Board. Personally, I’d like to thank him for his counsel to me as CEO and for the insights he has brought to our thinking and Board discussions.”

Mark Cutifani, Chief Executive of Anglo American, added an additional note of thanks, by saying: “Mandla’s experience across the private and public sectors, in mining, development and infrastructure, brings richness to any business debate and we thank him for his support as chair of Kumba.”

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