Johannesburg – Kumba Iron Ore says Litha Nyhonyha
resigned as an independent non-executive director at the end of last month.
In a statement issued on Tuesday, the listed company says
Nyhonyha joined the board in 2011, and during his tenure, has served as the chairman
of the Risk Committee, and as a member of the Audit Committee and the
Nominations and Governance Committee.
Chairman Fani Titi said: “On behalf of my fellow
directors and the management
team, I express my sincere appreciation to Litha for the
invaluable contribution he has made during his tenure. We wish him well for the
future.”
This news follows that in the middle of last year that Themba
Mkhwanazi was to step into the role of CEO from September.
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boosts Kumba profit
That appointment followed Norman Mbazima’s decision to
step down after four years to focus on his role as deputy chairman of Anglo
American South Africa, with effect from the end of August.
In the six months to June, Kumba reported headline
earnings per share of R9.41 as headline earnings came in at R3 billion - a 20
percent gain on the first half of last year. This was achieved off revenue of
R17.5 billion, which was just more than R2 billion lower than last year.
BUSINESS REPORT