Johannesburg, South Africa — MININGREVIEW.COM — 11 December 2009 – Emerging South African resources company Simmer and Jack Mines (Simmers) has announced a restructured interim board in line with the company’s plan to create an independent board committed to protecting and furthering the interests of all Simmers shareholders.
A statement issued here today revealed that the company had appointed the following persons as independent non-executive directors:
- Colin Brayshaw – chairman of Metmar Limited and a former director of AngloGold Ashanti Limited and Anglo Platinum Limited
- Ralph Havenstein – former CEO of Norilsk Nickel International and former CEO of Anglo Platinum Limited
- Gugu Msibi – director: head of public sector in South Africa – Advisory Services at Ernst & Young South Africa
- Nick Segal – Extraordinary professor at the Gordon Institute of Business Science (GIBS) of the University of Pretoria, and a former director of JCI Limited, Kumba Resources Limited and Anglovaal Limited
Deon van der Mescht “’ the current managing director of Simmers’ gold operations and former head of DRDGold’s South African operations “’ has been appointed as an executive director.
The statement added that the Simmers interim board intended to approach the company’s 22% shareholder, Xelexwa Investment Holdings (Pty) Limited, to nominate two further independent, non-executive directors.
Following the aforementioned changes, the Simmers interim board now comprised the following directors:
- Independent non-executive directors: Colin Brayshaw, Nigel Brunette (Chairman), Ralph Havenstein, Vusi Khanyile, Adrian Meyer, Gugu Msibi and Nick Segal
- Executive directors: John Berry, Gerhard Jacobs (Chief Financial Officer and financial director), Gordon Miller (Chief Executive Officer) and Deon van der Mescht
The interim board will formally convene early in the new year, whereupon Simmers CEO Gordon Miller and chairman Nigel Brunette will step down, the interim board will elect a chairman and van der Mescht will be appointed acting CEO.
At this meeting the interim board will resolve to convene a general meeting of Simmers shareholders to seek approval for the new board which with the mandate of the shareholders will lead the company.
Caption, Pic 1: Simmers “’ announces re-structured interim board.