Sibanye-Stillwater’s current board chairman, Sello Moloko has resigned, effective 30 September 2019. He will focus on other responsibilities and the ongoing development of the Thesele Group, which he founded in 2005.
Moloko has served as chairman of the group since it was established in February 2013 and has overseen the growth and development of the group from a South African gold producer into a leading international precious metals company.
The board thanked him for his sage counsel and guidance during this transformative period in the company’s history. “It has been my privilege to lead and participate in the evolution of Sibanye-Stillwater, from its humble beginnings six years ago, into the unique, globally diversified precious metals company of today,” comments Moloko.
The board has announced the appointment of Dr Vincent Maphai, who will succeed Moloko as chairman and non-executive independent director and will join the board as chairman designate effective from 1 June 2019.
Dr Maphai’s appointment follows an extensive search process and allows for a suitable handover period in order to ensure continuity. “I wish to thank my board colleagues and the management of Sibanye-Stillwater, for the support and camaraderie and wish them all the best for the next stage in the development of the company,” Moloko adds.