African Rainbow Minerals Limited announces changes to the composition of its Board of Directors and executive management
1 June 2012
In terms of section 3.59 of the JSE Limited Listings Requirements, notification is hereby given of the following changes relating to the executive directors and executive management of ARM:
- Reduction in the number of executive directors on the ARM Board of Directors
In line with global best practice ARM is reducing the number of executive directors on its Board from eight to five with effect from 1 June 2012.
All the former executive directors will continue to be full-time executives of the Company in the positions described in part B below.
- Re-organisation of senior executive management
B.1 Mr Jan Steenkamp will become the Chief Executive: ARM Exploration and Technical Services with effect from 1 July 2012.
B.2 Mr Steenkamp will continue to hold the position of Deputy Chairman of Assmang Limited and to chair the Assmang Limited Executive Committee.
B.3 Mr Andre Joubert will be promoted to the position of Chief Executive: ARM Ferrous with effect from 1 July 2012. This is the position that was previously held by Mr Steenkamp. Mr Joubert is currently the Executive: Operations of ARM Ferrous, which position he has held for the past two and half years.
B.4 Mr Stompie Shiels will continue to be responsible for all the functions and duties he performed as an executive director. His new title is Executive: Business Development and Investor Relations of ARM.
B.5 Mr Steve Mashalane will assume a new position with the title Senior Executive: Corporate Affairs of ARM.
B.6 Mr Peter Steenkamp will be responsible for all of ARM Platinum’s operations as Executive: Operations of ARM Platinum and will report directly to the Chief Executive Officer of ARM.
B.7 Mr Bennie Boshielo has been promoted to the position of Executive: Corporate Affairs of ARM Platinum with immediate effect, and will report directly to the Chief Executive Officer of ARM.
For more information please contact:
Jongisa Klaas
Corporate Development and Head of Investor Relations
Tel: +27 11 779 1507
Cell: +27 82 562 5288
Email: jongisa.klaas@arm.co.za
Johannesburg
1 June 2012
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited