Former chief executive officer (CEO) of Thungela Resources, July Ndlovu has announced his intention to become the new chairperson of the board, subject to his election by the board. The company’s board confirmed Ndlovu, who is currently an independent non-executive director, has offered to become the new chairman. An announcement of the new chairman is expected to accompany the announcement of the results of the AGM.
“I am honoured to be considered for the role of Chairman at an important point in the Company’s development. The business has strong operating foundations and a compelling growth opportunity in the Bilboes project, which has the potential to take Caledonia into its next stage of growth.
“I would also like to thank John, on behalf of the Board, for his leadership and guidance as Chairman. I am very pleased that he will continue to serve as a non-executive director, and I look forward to working closely with him, the Board and management team to help guide the Company through this next phase and to deliver long-term value for shareholders,” said Ndlovu.
This comes after Caledonia Mining Corporation announced that John Kelly will step down as chairperson of the board with effect from the end of the company’s AGM to be held on May 5.
“It has been a privilege to serve as Chairman over the past three years, and to have supported the Company through a period of significant transition and change. Caledonia is well positioned for the future, underpinned by the strong performance of Blanket Mine and the progress being made towards Caledonia’s next phase of growth. I have no doubt that July as Chairman will enhance the prospects for our continued success.
I look forward to continuing to support the Board and management as a non-executive director and to working closely with the new Chairman,” Kelly said. The board said during his tenure as Chairman, Mr Kelly has guided the board through a significant period of transition and change at Caledonia, providing stewardship over the continued operational delivery at Blanket Mine while supporting the advancement of the Company’s growth strategy.
“Mr Kelly, who joined the Board in May 2012 and has served as Chairman for the past three years will, providing he is re-elected as a director of the Company by shareholders at the AGM, continue to serve on the Board as a non-executive director, thus providing continuity and the ongoing benefit of his experience and insight,” said the company in a media statement.
The current chief executive officer (CEO) Mark Learmonth thanked Kelly for his his contribution and counsel.
“On behalf of the Board and management team, I would like to thank John for his contribution and counsel over many years, and particularly for his stewardship as Chairman over the past three years during a period of change for the Company.
His guidance and focus on governance and strategic progress have been invaluable, and I am glad that he intends to remain on the Board. I look forward to working closely with July once he is formally elected by the Board as Chairman as we continue to advance Caledonia’s strategy, including the development of the Bilboes project.”
