Change to the Board of Directors
09 March, 2018
Kumba Iron Ore announces that Mr Allen Morgan has decided to step down as an independent non-executive director at, and with effect from, the Company’s forthcoming AGM on 11 May 2018, after serving for twelve years on Kumba’s Board. During his tenure, Mr Morgan has chaired the Human Resources and Remuneration committees, while also serving as a member of the Audit Committee, Risk and Opportunities Committee, Social, Ethics and Transformation Committee, and the Nominations and Governance Committee.
Kumba’s Chairman, Dr Mandla Gantsho, said: “I sincerely thank Allen for his dedication and commitment in discharging his duties over many years. He has contributed immensely to the successful turnaround of Kumba. On behalf of the Board and Kumba as a whole, I wish Allen the very best in his future endeavours.”
Kumba will announce Mr Morgan’s successor(s) as lead independent director and chairman of the Human Resources and Remuneration Committee in due course.
This announcement is made in compliance with the JSE Limited Listings Requirements.