– UK, London – Lonmin Plc today announces the appointment of Varda Shine as an independent non-executive director of the Company, with immediate effect.
Mrs Shine (51) served eight years as the Chief Executive Officer of De Beers Trading Company (DTC), the world’s largest rough diamond distribution company. She elected to leave DTC in February 2014 having successfully managed the relocation of DTC’s London office to Botswana. Prior to this, Mrs Shine held several executive level and managerial positons, spanning a period of 30 years, within DTC and Diamdel Israel, De Beers’ principal trading subsidiary. During this time, Mrs Shine also served as the non-executive Chairperson of DTC Botswana, a 50/50 JV between De Beers and the Botswanan government and as the non-executive Chairperson of Namibia DTC, a 50/50 JV between De Beers and the Namibian government.
Mrs Shine completed the Business Management Programme at Technion, the Israel Institute of Technology and the Advanced Management Programme at Oxford University. She is of British nationality.
Brian Beamish, Chairman of Lonmin said “I am delighted to welcome Varda to our Board. She brings with her considerable experience at a strategic and commercial level within the mining industry, particularly in the Southern African region. I have no doubt at all that Varda will make a significant contribution to Lonmin.”
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