Tom Dale, CEO of Sedibelo Platinum Mines, has retired having served as CEO and its predecessor companies since 2009.
Sedibelo Platinum Mines’ primary asset is the Pilanesberg Platinum Mine. Other assets are the Sedibelo project on western limb of the Bushveld Complex, adjacent to Pilanesberg, and the Mphahlele, Grootboom and Loskop projects on the eastern limb of the Bushveld Complex of South Africa.
During his five year tenure, Dale was instrumental in building Sedibelo’s operations, and oversaw significant increases in output and recoveries, and reductions in unit operating costs. The company recently reported its maiden year profit for 2014.
Dale indicated some time ago his wish to step down, and his retirement has now been agreed. He will continue to be associated with the company as an advisor so that his in-depth knowledge of the company and its operations will be available to the management team and the board during the transition.
The search for a new CEO has commenced. Erich Clarke, the current CFO will act as CEO for the interim period, and be closely supported by Casper Badenhorst, the current COO. They will report directly to Arne H Frandsen, who is forthwith appointed Executive Deputy Chairman of Sedibelo, responsible to the Board.
Under their leadership, Sedibelo will continue the development of its shallow ore bodies, and its preparations for its IPO once commodity and equity markets improve.
“I have worked with Tom since the 80s, and he is one of the true stalwarts of our industry. On behalf of the board and our shareholders, I want to express our gratitude for the unique contribution Tom has provided. Under his leadership, Sedibelo has grown into an exciting PGM producer. I wish him all the best in his well-earned retirement. That said, I am delighted that Tom has agreed to continue in a part-time capacity for a transition period, as adviser to the board and management,” says chairman Brian Gilberston.