Anglo American plc has announced the appointment of veteran executive Nolitha Fakude and Kumba Iron Ore chief executive Themba Mkhwanazi to its executive management in a major shake-up announced yesterday.
The group said the two would be joined by top businessperson Nonkululeko Nyembezi-Heita and Hixonia Nyasulu as non-executive members. Chief executive Mark Cutifani said the group would bring diversity to its top structure. Cutifani said Fakude, who was previously an executive director at petrochemicals giant Sasol, was expected to lead the strategic direction of the company’s local assets at a time when it is re-imagining mining.
She is expected to assume her position in September. “Her breadth of experience at Sasol and her board experience with us and other major organisations stand her in good stead, as we build upon our sustainable partnerships with all our stakeholders in South Africa,” Cutifani said. Fakude is scheduled to step down as a non-executive director on the board of Anglo American plc at the end of August 2019. Her appointment follows the retirement of Norman Mbazima in April after 18 years with the group. Fakude said: “After two years on the board, I am proud to join Anglo American in an executive capacity.
As South Africa’s most significant mining investor, to the tune of R72 billion over the next five years, we have a duty to keep improving the competitive position and performance of our businesses and for our stakeholder relationships to be mutually reinforcing. I am looking forward to working with the government and regulators to help set up South Africa’s mining industry for long-term success.” Mkhwanazi is expected to assume his role next month.
The group said Nyasulu will join the board in November, while Nyembezi-Heita would come in next year. “Hixonia Nyasulu has exceptional and highly relevant global board experience drawn from the natural resources, financial services and consumer industries, and I look forward to welcoming her to Anglo American’s board.