– UK, London – Lonmin Plc (LON:LMI) today announced the appointment of Sizwe Nkosi as a non-independent non-executive director of the Company, with effect from 1 March 2019.
Brian Beamish, Lonmin’s Chairman, said “I am pleased to welcome Sizwe to our Board. He brings with him considerable experience, particularly in the South African context, and I have no doubt he will be a much valued contributor to the Lonmin Board. Kennedy’s decision to remain on the Lonmin Board as a non-executive director in his own right is also most welcome. He is a valued member of the team and we are pleased to be able to continue to draw on his knowledge and experience during this important period for the Company.”
About Sizwe Nkosi
Mr Nkosi is the chief financial officer at Phembani Group Pty Limited, Lonmin’s Black Economic Empowerment partner, and has been nominated to the Board pursuant to the contractual arrangement with Phembani.
Mr Nkosi is a qualified chartered accountant and holds an MBA from the University of Cape Town. He has more than 15 years’ experience in the mining sector, predominantly in coal, diamonds, phosphates and commodities trading. Mr Nkosi was previously the chairperson of the Eastern Region Members in Business Council in South Africa and served on the South African Institute of Chartered Accountants Broad Based Black Economic Empowerment Charter Council.
Mr Nkosi replaces Kennedy Bungane as Phembani’s nominee to the Lonmin Board, however, in light of Mr Bungane’s skills, experience and commitment to the Company, the Board has requested, and Mr Bungane has agreed, to remain a non-executive director of Lonmin.
For more information : https://www.lonmin.com
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March 26, 2019