Exxaro aims to ensure that there is a clear balance of power and authority at board level and to ensure that there is adequate succession planning to maintain ongoing knowledge and experience at board level.
With these principles in mind the company has announced:
- Mxolisi Mgojo, CEO, will retire as CEO and member of the Board when he reaches the retirement age of 63, on 31 May 2023
- Dr Nombasa Tsengwa has been appointed as CEO-designate and member of the Board of Exxaro effective from 16 March 2021. Her appointment as CEO will become effective once the CEO retires on 31 May 2023. Dr Tsengwa’s appointment forms part of a carefully considered succession plan which has taken place over the past two years. The transition period will ensure a smooth and phased handover of duties and responsibilities. Dr Tsengwa has more than 18 years’ executive management and board experience in the public and private sectors. In 2003, she joined Kumba as general manager: safety, health and environment. In 2007, she was appointed executive general manager: safety and sustainable development. In 2010, she became directly involved with the management of coal operations as general manager of captive mines and general manager of Mpumalanga operations. In 2015, she was appointed acting executive head of coal operations and executive head of coal operations in 2016. She was subsequently appointed as Exxaro’s managing director minerals business in July 2020. She is the 2017 winner of the Standard Bank Business Woman of the Year Award and the 2018 winner of the Pan African Awards Africa’s most influential woman in business and government mining industry category. An avid long-distance runner, Dr Tsengwa has completed nine Comrades marathons
- Jeff Van Rooyen’s tenure as chairman and independent non-executive director of the Board of Exxaro will come to an end at the annual general meeting to be held on 27 May 2021. The Board would like to thank the outgoing chairman for his contribution and stewardship during his term of office. The Board has initiated a search process for his replacement and a further announcement in this regard will be made in due course.