In order to take up this new executive role, Ms Fakude will step down as a non-executive director on the Board of Anglo American plc on 31 August 2019. She will also join the Group Management Committee of Anglo American as Group Director – South Africa. Ms Fakude will report to Mark Cutifani, Chief Executive of Anglo American. This appointment follows the retirement of Norman Mbazima, as announced in April 2019, after 18 years with Anglo American.
Themba Mkhwanazi, CEO of Kumba Iron Ore since 2016, will also join the Group Management Committee of Anglo American, effective 1 August 2019. Themba will continue to report to Seamus French, CEO of Bulk Commodities and Other Minerals.
“We welcome Nolitha Fakude to our global executive team in a key strategic role that draws together our extensive business interests as the largest mining company in South Africa. 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,” commented Mark Cutifani, Chief Executive of Anglo American.
“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 ZAR72 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 government and regulators to help set up South Africa’s mining industry for long term success,” commented Nolitha Fakude.
“Themba Mkhwanazi has led Kumba through a significant operational turnaround that has transformed the business’ performance and prospects, supplying some of the world’s highest quality iron ore that commands a significant premium in the global marketplace. In addition to his extensive operational and technical experience of the mining industry in South Africa, including key government enterprise relationships, Themba brings valuable additional insights from a number of markets and will add further depth to our executive team,” added Mark Cutifani.
“Within Anglo American, Kumba is one of South Africa’s great success stories. Over the last three years, we have uncovered the tremendous potential of the business, enabling us to maximise the benefit of current prices – marketing to the right customers at the right time, producing the right product for those customers, and enhancing cost discipline even as revenues go up. All the while, we are delivering significant and meaningful value for our stakeholders, including our host communities. And the good news is that we see so much more opportunity ahead. I look forward to contributing more to the decision-making of the Group as a whole,” said Themba Mkhwanazi.
Nolitha Fakude, 54, a former trustee of the Women’s Development Bank, former Deputy Chairman and Lead Independent Director of Datacentrix Holdings and has served as a non-executive director of Harmony Gold and Woolworths Holdings. Ms Fakude holds a Bachelor of Arts (Hons) degree from the University of Fort Hare in South Africa. She also has completed the Harvard Business School Senior Executive Development Programme.
In her previous career, Ms Fakude joined Sasol in 2005 as an executive director on the board and Executive Vice President of Strategy and Sustainability until 2016. Nolitha served as Chairman of Sasol’s Sustainability, HR and Stakeholder Relations committees and was Chairman of the Sasol Mining Board. In 2017 she joined the Board of Anglo American plc as a non-executive director. Nolitha is a non-executive director of JSE Limited and Afrox.
Themba Mkhwanazi, 49, holds a Bachelor of Engineering (Hons) in Chemical Engineering. He has extensive experience in the resources industry, including 22 years in his native South Africa, as well as in the USA and Australia. Themba was a Managing Director for Huntsman Tioxide in South Africa until 2007 when he was appointed COO of Richards Bay Minerals, a joint venture between Rio Tinto and BHP Billiton. In 2011, Themba was seconded to Rio Tinto’s Australian coal business, before taking up the role of Regional General Manager for Technology and Innovation for the Americas in 2012. Themba serves as a non-executive director of Aspen Pharmacare Holdings and is Chairman of Mining Dialogues 360. He served as CEO of Anglo American’s thermal coal business in South Africa since 2014 and was appointed CEO of Kumba Iron Ore in 2016.
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SOURCE: Anglo American