Lonmin, the South African platinum major has appointed Debswana ex-CFO Barrie van der Merwe as an executive director and new CFO with effect from 17 May 2016. 

Van der Merwe is a chartered accountant and holds a B Com (Hons) degree in accounting from the University of Pretoria.  He was CFO of Debswana Diamond Company, the world’s leading producer of rough diamonds by value and a joint venture between the Botswana government and De Beers, between 2012 and 2015.

Prior to this, he held several senior financial management positions with Anglo American Plc and Anglo Platinum, spanning 10 years between 2002 and 2012, the most recent being head of finance, reporting directly to Anglo Platinum’s then finance director.

[quote]In addition, Van der Merwe has held several non-executive directorships, including Morupule Coal Mine between 2013 and 2015 and Wesizwe Platinum between 2013 and 2015.

Commenting on the appointment, Lonmin chairman, Brian Beamish, said: “I am pleased to welcome Barrie to the Lonmin board.  He brings with him a significant amount of knowledge of the sector and South Africa and I have no doubt he will make a valuable contribution to the board.”

Ben Magara, Lonmin CEO, added: “Barrie brings with him extensive experience in the mining industry and as a hands-on leader.  I am excited to welcome him and I have no doubt he can bring that experience to bear at Lonmin.”

Following Van der Merwe’ appointment, the Lonmin executive committee will comprise:

  • Ben Magara (CEO)
  • Barrie van der Merwe (CFO)
  • Ben Moolman (COO)
  • Abey Kgotle (Executive VP, Human Resources)
  • Lerato Molebatsi (Executive VP, Communications and Public Affairs)
  • Mike da Costa (Executive VP, Business Support Office)
  • Thandeka Ncube (Head of Sustainability and Development, nominated by Pembani).

As previously announced, Simon Scott will step down as a director and CFO following the interim results published on 16 May 2016.