Zim’s tenure as both director and chairman was 10 years.
Brian Mosehla, a non-executive director of the board, has been appointed as chairman in Zim’s place. He joined Northam in August 2015 and represents Zambezi Platinum (RF) Limited.
Mr Ralph Havenstein, the lead independent director will continue in his position at the company.
Appointment of independent non-executive directors and board committee changes
CEO of Coal of Africa David Brown, who was elected as an independent non-executive director of the board at the AGM with effect from the date on which the amendment of the company’s memorandum of incorporation envisaged in special resolution number 1 becomes effective, has been appointed as a member of the audit and risk committee and chairman of the investment committee.
Brown will replace Havenstein as chairman of the investment committee, and Havenstein will remain as a member of the investment committee.
Dr Yoza Jekwa has been appointed by the board as an independent non-executive director of the board and as a member of the social, ethics and human resources committee with effect from Wednesday, 8 November 2017.
Jekwa holds an MBA in Finance and an MBBCh (Medicinae Baccalaureus, Baccalaureus Chirurgiae). He has extensive experience in the South African Corporate Banking industry and has held various positions in the medical field in South Africa and the United Kingdom.
Mosehla will replace Zim as a member of the nomination committee and John Smithies, an independent non-executive director of the board, has been appointed as a member of the health, safety and environmental committee.