As it becomes a multi-commodity business, Sibanye Gold will be re-structured into separate, commodity specific divisions focused on operational delivery.
Revised leadership structures have been established to provide Sibanye with a seamless transition into a multi-commodity business, in particular facilitating the effective integration of the Rustenburg and Aquarius operations into a platinum division, which will be headed by former Aquarius Platinum CEO Jean Nel.
Moreover, the new platinum division executive management team will include Bheki Khumalo, who was appointed as senior VP: human capital and Peter Turner, who will assume the position of senior VP: technical services.
This follows the appointment of Justin Froneman in 2015 as senior VP: finance and Shadwick Bessit, previously senior VP: underground operations, Kloof and Driefontein, as senior VP: mining.
The balance of the platinum division executive management is expected to primarily consist of existing management from the Rustenburg and Aquarius operations, with specific executive roles and responsibilities to be finalised once the transactions have been concluded.
Meanwhile, Wayne Robinson has been appointed as the CEO of the gold and uranium division. The gold and uranium division executive management team supporting Robinson, will largely be consistent with Sibanye’s current gold operational management.
Adam Mutshinya will continue in his role as senior VP: human capital, with Pieter Henning, formerly VP: corporate finance appointed as senior VP: finance for the division.
William Osae, formerly VP of Driefontein underground operations, has been promoted to senior VP: technical services in the division.
As executive VP of the energy and coal division, John Wallington, the former CEO of Coal of Africa, has been appointed to drive Sibanye’s energy strategy.
The change in organisational structure has also seen the establishment of a group services function, which will provide all non-core, production support services required by the different commodity operating divisions, thereby eliminating duplication of support services, Sibanye explained.
The combination will establish a leadership team optimised for continuity and effective integration, Sibanye said in an announcement on Monday, adding that the re-organisation will ensure that there is minimal disruption to operating activities and provides that its experienced operations management are positioned closer to the mining face, with the aim of promoting operational effectiveness.
The Sibanye Group strategy will continue to be driven by a Group executive committee, which will to be headed up by the CEO, Neal Froneman.
Sibanye’s new strategy will be driven by its existing group executive committee which includes CFO Charl Keyter, commercial services executive Dawie Mostert, corporate affairs executive Hartley Dikgale, business development executive Richard Stewart and organisational effectiveness executive Robert van Niekerk,
Sibanye’s group executive committee will be complemented by members of the CEO’s office, which will house key strategic functions including communications, headed by Thabisile Phumo; protection services, headed by Nash Lutchman; investor relations, headed by James Wellsted; and safety, health and environment, which is currently vacant but will be filled in due course.
Neal Froneman says the organisational arrangements will provide for effective management of the company’s operations, particularly with regard to unit cost management, which is critical to prolonging the economic lives of its gold, uranium and platinum assets. “We see these developments as central to realisation of our vision, which remains, ‘superior value creation for all of our stakeholders,” he highlights.