| Mon 10 May 2010, 8:01 | | LON - Lonmin Plc - Directorate Change |
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LON
LOLMI
LON - Lonmin Plc - Directorate Change
Lonmin Plc (Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
JSE code: LON
Issuer Code: LOLMI & ISIN: GB0031192486 ("Lonmin")
10 May 2010
Lonmin Plc
Directorate Change
Lonmin Plc (the "Company") is pleased to announce that Mahomed Seedat has agreed
to join the Board with effect from 1 January 2011 as a Non-executive Director.
On appointment, Mahomed will become a member of the Safety & Sustainability
Committee.
He has been Chief Operating Officer of Lonmin since September 2007 and will
relinquish that role on 31 December 2010. After that date he will act as an
adviser to Ian Farmer, Chief Executive of the Company, and serve as Non-
executive Chairman of the Company`s two principal South African operating
subsidiaries, Western Platinum Limited and Eastern Platinum Limited. As a
consequence, the Board will not regard Mahomed as being an independent director,
although he will be entirely Non-executive.
Mahomed (54) is a South African national and has extensive experience of the
South African mining industry. Before joining Lonmin, Mahomed was President of
BHP Billiton`s Energy Coal Customer Sector Group from 2005 to 2007 and prior to
that President and Chief Operating Officer of Aluminium Southern Africa with
responsibility for aluminium smelter operations. Prior to this, he held
operational roles with the Richards Bay Coal Terminal Company and with Anglo
Coal. Mahomed holds a Bachelor degree in Electrical Engineering from the
University of Durban-Westville and was awarded a fellowship from Harvard
Business School in 1990.
In accordance with the Listing Rules, Lonmin confirms that there are no matters
that would require disclosure under LR9.6.13R(1) to (6). Mahomed currently has a
beneficial interest in 6,246 Lonmin ordinary shares of $1 each.
Commenting on the appointment, Roger Phillimore, Chairman of Lonmin said:
"I am pleased to welcome Mahomed to our Board as a Non-executive Director. He
has made a significant difference to Lonmin in his executive capacity over the
last three years, and we look forward to his ongoing contribution to Lonmin`s
development. Together with today`s announcement of the proposed appointment of
Cyril Ramaphosa to the Board, this demonstrates that Lonmin continues to meet
the challenge of being a corporate citizen of the new South Africa."
- Ends -
ENQUIRIES:
Investors / Analysts:
Tanya Chikanza +44 (0) 207 201 6007
Acting Head of Investor Relations
Media:
Cardew Group +44 (0) 207 930 0777
Anthony Cardew / Rupert Pittman
Financial Dynamics +27 (0) 21 487 9000
Dani Cohen / Ravin Maharaj
Date: 10/05/2010 08:01:12 Produced by the JSE SENS Department.
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