REG - Thungela Resources - Appointment of Chief Executive Officer Designate

Thungela ResourcesAnnouncement

21/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250121:nRSU0312Ua&default-theme=true

RNS Number : 0312U  Thungela Resources Limited  21 January 2025

Thungela Resources Limited

Incorporated in the Republic of South Africa

Registration number: 2021/303811/06

ISIN: ZAE000296554

JSE share code: TGA

LSE share code: TGA

("Thungela" or "Company")

 

Appointment of Chief Executive Officer Designate

 

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements,
Thungela hereby notifies shareholders of a proposed change to the Company's
Chief Executive Officer ("CEO").

 

The Company's current CEO, Mr. July Ndlovu, will reach the retirement age of
60 years in July 2025 and, in accordance with the Company's retirement policy,
is scheduled to retire from the employment of Thungela in 2025. July's
exceptional leadership, his extensive mining experience and guidance have
contributed to the growth and success of the Company.

 

Following a comprehensive selection process, the board of directors of
Thungela ("Board") is pleased to announce the appointment of Mr Moses Madondo
as the incoming CEO designate, effective 1 August 2025. Moses will succeed
July, who will continue in his role until he steps down to facilitate a
seamless transition.

 

Moses is currently the Chief Executive Officer of De Beers Group Managed
Operations and brings over 25 years of mining experience to the role in
various senior leadership positions.

 

Moses has also served on several divisional boards and as a board member of
the Minerals Council of South Africa and Rand Refinery Ltd. He has
demonstrated strong operational and technical skills and holds an Executive
MBA, a Post Graduate Diploma in Management Practice, and a Bachelor of Science
in Mechanical Engineering.

 

The Board welcomes and looks forward to working with Moses.

 

 

Tovi Ellis

Company Secretary

coseccoalsa@thungela.com

 

UK Financial adviser and corporate broker

Panmure Liberum Limited

 

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

 

Rosebank

21 January 2025

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOABCGDBRDDDGUG