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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")
Lonmin PLC - Directorate Change
Following the decision to base the role of the Chief Financial Officer (CFO) in
South Africa Lonmin Plc (the "Company") is pleased to announce that the board
has today appointed Simon Scott as an executive director with effect from 27
September 2010. It is expected that he will be assume the role of CFO from mid-
November 2010.
Mr Scott (52) is a member of the South African Institute of Chartered
Accountants and holds B.Com and B.Acc degrees from the University of the
Witwatersrand, and attended the Management Development Programme at the
University of Cape Town. After qualifying he moved into industry and has held
financial management roles in South Africa with a number of local and global
employers, including a total of nine years with Anglo Platinum.
He is currently the Group Financial Director of JSE-listed Aveng Limited, a
construction and engineering company with significant involvement in the mining
sector. He has dual British and South African nationality and lives in
Johannesburg.
Alan Ferguson will remain the CFO until the Group audited accounts for the year
ending 30 September 2010 are signed, which is planned for 15 November 2010. He
will remain an executive director of the Company until his planned departure
date of 31 December 2010.
In accordance with the Listing Rules, Lonmin confirms that there are no
additional matters relating to Simon Scott that would require disclosure under
LR 9.6.13 R (1) to (6). He currently has no beneficial interests in Lonmin
ordinary shares of $1 each.
Commenting on the appointment, Roger Phillimore, Chairman of Lonmin said:
"I am delighted that Simon has agreed to join Lonmin. He brings a wealth of
local knowledge and experience of financial management gained at senior levels
of the South African platinum mining industry. We look forward to the very
substantial contribution he will make to the continuing development of Lonmin in
years to come. With his appointment we are close to completing the transfer of
operational management to South Africa, and are already seeing the early
benefits arising from that decision.
I would also like to acknowledge the significant role which Alan Ferguson has
played, and will continue to play until his departure. This is a very different
company from the one he joined three years ago and a large part of the credit
for this transformation should go to him. We look forward to working with him
for the remainder of his time with Lonmin, and he will leave with our thanks and
best wishes."
7 July 2010
Enquiries:
Lonmin Plc
Tanya Chikanza +44 (0)20 7201 6007
Head of Investor Relations
Cardew Group (Financial PR adviser) +44 (0)20 7930 0777
Rupert Pittman
Jamie Milton
END
Date: 07/07/2010 12:27:01 Produced by the JSE SENS Department.
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