Johannesburg – Kumba on Tuesday said its CFO Frikkie Kotzee,
will step down from his role after five years.
In a statement, the iron ore miner says Kotzee engaged with
the Kumba Board in December 2016 to indicate his preference to step down during
the course of 2017, once a number of major strategic and financial deliverables
had been completed.
To ensure a smooth transition, he has agreed to remain with
the company until Kumba’s Annual General Meeting on May 11.
Chairman Fani Titi thanked Kotzee on behalf of the board.
Read also: Kumba director steps down
“We have valued his integrity and unwavering commitment to
the highest levels of governance and excellence. We wish Frikkie the best in
his future endeavours.”
CEO Themba Mkhwanazi adds: “Frikkie has played a crucial
leadership role in ensuring Kumba’s financial sustainability during trying
times. He will be missed as a valued member of the executive team.”
Kumba will now begin a search process of internal and
external candidates to identify a successor.
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