ARM announces changes to the Board of Directors
12 June 2017
In terms of paragraph 3.59 of the JSE Limited Listings Requirements notification is hereby given of the following changes to the ARM Board of Directors:
1. Retirement of Financial Director
After eight years as Financial Director, Mr Mike Arnold will be retiring as Financial Director of ARM on 10 December 2017 after having reached the Company’s normal retirement age of 60 years in July this year and will work with the new Financial Director for a period of six months as part of the handover process.
Mr Arnold will remain on the ARM Board of Directors as a Non-Executive Director with effect from the date of his retirement and he will also provide consulting services to the Company.
2. Appointment of Financial Director
After a comprehensive search process, which included both internal and external candidates, the ARM Board of Directors is pleased to announce the decision to appoint Ms. Abigail Mukhuba, the current Chief Financial Officer of ARM, as Financial Director with effect from 11 December 2017.
Patrice Motsepe, ARM’s Executive Chairman said, “I would like to express my gratitude to Mike Arnold for the good work he did as Financial Director of the Company. Mike was employed at ARM for eighteen years in various capacities including serving as Financial Director for eight years.”
“I would also like to welcome Abigail Mukhuba as the incoming Financial Director of ARM. Abigail is an experienced CA(SA) with many years of financial experience in the mining industry.”
For more information please contact:
Corporate Development and Head of Investor Relations
Tel: +27 11 779 1507
12 June 2017
Deutsche Securities (SA) Proprietary Limited