a stock of raw coals
Exxaro announced that Wim de Klerk will step down as the financial director of diversified resources group at the end of August.

De Klerk has been requested to, during this period, assist outgoing CEO Sipho Nkosi to coordinate the process to identify and appoint a successor and assist with the transition process, assist in finalising some strategic decisions on equity investments and the new black economic-empowerment structure.

Wim de Klerk held the position of
Wim de Klerk held the position of financial director at Exxaro since 2009

De Klerk will also assist in concluding the negotiations on the Medupi coal supply agreement with state-owned power utility Eskom.

Career history

On joining Iscor in 1996, De Klerk managed Iscor Quarries and the Grootegeluk mine. He became a member of the executive team as group GM for strategy and continuous improvement in 1999.

During his tenure at Kumba Resources, he was responsible for the mineral sands operations and after Exxaro listed in 2006 became executive GM for mineral sands and base metals in 2008 until his appointment as finance director in 2009.

Having served the company and its predecessors with distinction, the board expresses its sincerest appreciation for his dedication and commitment during his tenure and wish him well for the future and his new endeavours.