Board of directors

David Salter

David Salter

(57)

Non-Executive Chairman

BSc (Hons), PhD, FSAIMM

Appointed: January 2008

David has over 36 years’ experience in international mineral technology, project development and mining executive management, and has previously served as the managing director of the Salene Group, JSE-listed Barplats Investments Limited and Eland Platinum Holdings Limited. David currently serves on the boards of TransAfrika Resources Limited and Tharisa plc.

Member of the following Committees:
Risk Committee, Social and Ethics Committee, Nomination Committee, SHE Committee, Remuneration Committee.

Gerard Kemp

Gerard Kemp

(61)

Independent Non-Executive Director

MSc Mining Engineering

Appointed: November 2012

Gerard is currently the managing director of KCS Resources Limited. He was previously the CEO of Kaouat Iron Limited, a division of TransAfrika Resources. During his career, he has spearheaded several large, successful BEE transactions and brings significant experience in corporate finance and executive mine management to the Board. He has completed development programmes in labour relations and management at the University of South Africa’s School of Leadership.

Member of the following Committees:
Risk Committee, Audit Committee, Nomination Committee, SHE Committee, Remuneration Committee.

Lizwi Mtumtum

Lizwi Mtumtum

(44)

Lead Independent Director

BA (Economics/Accounting)

Appointed: March 2008

Lizwi is executive chairman of Emangweni Investments Proprietary Limited, an investment holding company, and Emangweni Properties Proprietary Limited, a black-owned and managed property investment company. He previously held positions at Pangbourne Properties, Yard Capital (a BEE investment holding company), Nedbank and Nedcor. He serves as an independent non-executive of Synergy Income Fund Limited where he is also chairman of the audit and risk committee.

Member of the following Committees:
Risk Committee, Social and Ethics Committee, Audit Committee, Nomination Committee, Remuneration Committee.

Meindert Witteveen

Meindert Witteveen

(48)

Non-Executive Director

MSc (Business)

Appointed: September 2014

Meindert is head of coal and iron ore at Gunvor SA. He has 20 years’ experience in dry bulk commodity markets, combining an understanding of physical coal, freight, metals and energy markets with knowledge of derivative trading. Before joining Gunvor in January 2013, Meindert was managing director at Black River, a Cargill subsidiary in commodity trading. He has previously also worked at Barclay’s Capital and Credit Suisse.

Member of the following Committees:
Risk Committee.

Gia Mai

Gia Mai

(36)

Non-Executive Director

MA (Lausanne) CPA CFA (Switzerland)

Appointed: July 2015

Gia joined Gunvor to develop and head the corporate finance and investments team in 2008 and was later appointed Chief Investment Officer in 2015. He was previously with PwC for six years in auditing and transaction services. Gia replaced Jeroen Schurink on the Keaton Energy Board with effect from 1 July 2015.

Member of the following Committees:
Risk Committee.

Antoinette Sedibe

Antoinette Sedibe

(51)

Non-Executive Director

BA (Admin)

Appointed: April 2006

Antoinette is managing director of Andisa Capital and a co-founder of Rutendo Mining (Pty) Ltd and co-owner of Rutendo Holdings Proprietary Limited. After starting her career with Nedbank’s graduate programme, she moved to AECI where she was a foreign exchange and money market dealer in the treasury department before moving to the internal audit department. She assisted in setting up Polifin Treasury (a Sasol and AECI joint venture), and also gained extensive management, financial markets and treasury operations experience as a treasurer at Standard Bank’s treasury outsourcing operation, where she was later appointed a director. Antoinette was appointed as an executive director of Andisa Capital in 2003.

Member of the following Committees:
Risk Committee, Social and Ethics Committee.

Paul Sadler

Paul Sadler

(78)

Independent Non-Executive Director

CA(SA) Retired

Appointed: October 2010

Paul is a retired chartered accountant who has extensive auditing experience, much of which was in the mining sector, bringing valuable expertise to the Board. During his career he was involved with various mining companies including De Beers Group, Aquarius Platinum Limited and Barplats Mines Limited, at the latter serving as a member of the audit committee for two years. He was a partner at KPMG from 1980 until his retirement in 2003, after which he joined the Salene Group as a financial consultant.

Member of the following Committees:
Risk Committee, Audit Committee, Nomination Committee.

Phoevos Pouroulis

Phoevos Pouroulis

(42)

Non-Executive Director

BSc (Business science)

Appointed: March 2007

Phoevos is CEO of JSE-listed Tharisa plc, a chrome and platinum producer. He is a co-founder of Keaton Energy, which is one of a number of businesses locally and throughout Africa which he founded. He was instrumental in advising Chromex Mining plc on its establishment and was later appointed commercial director.

Member of the following Committee:
Risk Committee.

Mandi Glad

Mandi Glad

(45)

Chief Executive Officer

Appointed: May 2009

Mandi is the only female CEO of a JSE-listed mining company and played an integral role in the establishment of Keaton Energy. She held the positions of marketing and business development director and operations director before being appointed as CEO in September 2012. Mandi is an entrepreneur with more than 20 years’ experience owning and operating a wide range of businesses. She has extensive strategic industrial relations skills and a detailed knowledge and experience of implementing the MPRDA and related regulatory processes, gained through her involvement with HDSAs and women-led coal mining initiatives. She co-owns Rutendo Holdings and Rutendo Mining.

Member of the following Committees:
Risk Committee, Social and Ethics Committee, SHE Committee.

Jacques Rossouw

Jacques Rossouw

(40)

Chief Financial Officer

BCom (Hons) Accounting, CA(SA)

Appointed: December 2011

Jacques has extensive experience in the mining industry. Before joining Keaton Energy, he worked as manager in both corporate reporting and in operational finance at Harmony Gold Mining Company Limited for three years. Prior to this, he was with PwC for six years where he completed his articles, completed a three-month working secondment to the USA and was appointed national middle market manager where he focused on risk management, audit methodology and best practice, learning and education, annual and financial reporting and budgeting for all middle market offices in South Africa.

Member of the following Committees:
Risk Committee, Social and Ethics Committee.