Exxaro report selector 2019

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Exxaro Resources Limited
Environmental, social and governance report

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Board of directors

The board of directors is ultimately accountable for the governance and performance of Exxaro, balancing the interests of the company as a responsible citizen with the legitimate interests and expectations of stakeholders.

Please click on director below to see further information.

J van Rooyen — Jeff (70)

Chairman of the Financial Reporting Standards Council (FRSC), a former trustee of the International Accounting Standards Foundation and member of the University of Pretoria’s faculty of economic and management sciences’ oversight board. He was a partner at Deloitte, chairman of the Public Accountants and Auditors Board, CEO of the Financial Services Board and adviser to the former Minister of Public Enterprises during the Mandela administration. Jeff is a founder member and former president of the Association for the Advancement of Black Accountants of South Africa.

PCCH Snyders — Peet (59)

Independent non-executive and chairman of sustainability, risk and compliance committee and member of investment committee and social and ethics committee

Director since 1 July 2016
BEng (Mining), Diploma in Marketing Management and MCom in Business Management, Mine Manager’s Certificate of Competence (Coal and Metalliferous)

Skills and experience:
He has 40 years’ experience in the mining industry, including employment at Sasol Coal, Amcoal, Iscor Mining, Kumba Coal, Anglo American Platinum, Riversdale Holdings, Continental Coal, Keaton Energy, Sable Mining Africa, Mmakau Mining and, most recently, Submex Investment. He also has over 10 years’ board experience within the industry.

GJ Fraser-Moleketi — Geraldine (59)

Lead Independent non-executive director, member of the remuneration and nomination committee, chairperson of the social and ethics committee
Director since 23 May 2018
DPhil Honoris Causa (Nelson Mandela University), Masters in Administration (University of Pretoria), Leadership Programme (Wharton), Fellow of the Institute of Politics (Harvard)
Skills and experience:
Geraldine was special envoy on gender at the African Development Bank from 2013 through 2016. She served as director of the United Nations Development Programme’s Democratic Governance Group from 2009 — 2019. She served as member of the South African Parliament for three consecutive parliaments (1994 — September 2008). She was Minister of Public Service and Administration for two consecutive terms (1999 — 2008). She served as Minister of Welfare and Population Development (1996 — 1999), having occupied the portfolio of Deputy Minister of Welfare and Population Development. During her tenure as Minister of Public Service, she occupied the chair of the Pan African Ministers of Public Service for three consecutive terms. Geraldine serves on various boards across academia: she is the chancellor of Nelson Mandela University, previously member of the Institute for the Study of International Development at McGill University in Montreal, Canada, and chairperson of the Advisory Council of the Mapungubwe Institute for Strategic Reflection (MISTRA), chair of the Committee of Experts on Public Administration (CEPA) — an expert body of the United Nations Economic and Social Council (ECOSOC). She served on the Africa Advisory Committee on Women’s World Banking until 2018. She is a non-executive board member of the Standard Bank Group and Standard Bank South Africa.

D Mashile-Nkosi — Daphne (61)

Non-executive director
Director since 7 March 2018 (resigned with effect from 11 October 2019)

Skills and experience:
Daphne is the executive chairperson of Kalagadi Manganese, a trustee and chairperson of the Women’s Development Bank Trust and a chairperson of Women’s Development Bank Investments Holdings. She has a strong development background, as an activist on gender issues, and encourages business to improve the quality of life of poor communities, and the nurturing of women entrepreneurs and business leaders. In 1993, she was nominated by the Women’s Development Bank to study development economics in Nagoya, Japan. She is the founder and a director of Temoso Telecommunication. She represents shareholder interests as a director of various companies, including Exxaro, Eyesizwe Mining, Interfile, Kalahari Resources, Temoso Holdings, Traxys Africa and Kalagadi Manganese. She is chairperson of Bakhazi-Banalima. She is also a trustee of the First Rand Empowerment Trust.

A Sing — Anuradha (48)

Independent non-executive director and member of sustainability, risk and compliance and investment committees

Director since 6 March 2018
BSc Eng (Mechanical) (University of Natal), MBA (University of the Witwatersrand), AMP (INSEAD, France)

Skills and experience:
Anuradha serves as non-executive director of the Development Bank of Southern Africa where she is the chairperson of the credit and investment committee and a member of the audit and risk committee. She was previously non-executive director on the boards of MTN South Sudan and MTN Guinea Bissau. Anu is currently at the MTN Group Executive Business Intelligence Competency Centre.

L Mbatha — Likhapha (66)

Independent non-executive director and member of social and ethics committee

Director since 7 March 2018

BA LLB (University of Lesotho), LLM (University of the Witwatersrand)

Skills and experience:
Likhapha currently coaches National Movement of Rural Women (NMRW) coordinators in development methods and systems, project preparation, finance and management. She also supervises, monitors, and evaluates small and medium development projects. Likhapha understands that poverty, inadequate education, nutrition, poor health, government policies and/or the exploitative nature of humans are uncontrollable variables that can lead to poverty. She therefore focuses on development as an opportunity for affected individuals to lead equal and satisfactory lives within their communities despite their circumstances.

MW Hlahla — Monhla (56)

Independent non-executive director
Director since August 2015 and resigned with effect from 31 December 2019

MA Urban Planning, UCLA School of Architecture and Planning, Advanced Management Programme (INSEAD, France), Certificate in Accounting and Finance (Wits Business School)

Skills and experience:
Monhla spent the larger part of her career in the infrastructure sector, starting in 1994 at the Development Bank of Southern Africa, which seconded her to establish and lead the Municipal Infrastructure Investment Unit (MIIU) as CEO. While with the MIIU, Monhla was appointed non-executive chairperson of Johannesburg Water. In 2001, she was appointed managing director of Airports Company South Africa (ACSA) until she resigned at the end of 2011. Monhla is currently an executive coach, a director of companies and a businesswoman. In 2011, Monhla was appointed chairperson of Royal Bafokeng Holdings (RBH) and the Industrial Development Corporation (IDC). She completed her three-year term with the IDC in 2015, and was appointed to the board of Liberty Holdings and its subsidiary Stanlib. As at April 2018, Monhla is chairperson of RBH and Denel SOC Limited.

V Nkonyeni — Vuyisa (50)

Independent non-executive director and chairman of audit committee and member of investment committee

Director since 3 June 2014
BSc (Hons), Postgraduate Diploma in Accounting, CA(SA)

Skills and experience:
Vuyisa has over 20 years’ experience in investment banking and private equity. He served his training contract as a chartered accountant with PricewaterhouseCoopers and then joined Deutsche Bank in 1997 where he gained investment banking experience, primarily in corporate and project finance advisory over four years. He serves on the boards of Emira Property Fund, and Momentum Metropolitan Holdings. He has served as financial director of Worldwide African Investment Holdings and director at Actis in the black economic empowerment funding units. He was appointed CEO of Kagiso Tiso Holdings in January 2012 and resigned on 31 December 2017.

EJ Myburgh — Ras (61)

Independent non-executive director and chairman of remuneration and nomination committee member of audit committee and investment committee

Director since 1 September 2016
BEng (Electrical) (Pretoria), BSc (Hons) (Energy Studies) (Johannesburg), MBL (Stellenbosch), Executive Programme (Virginia)

Skills and experience:
Between 1982 and 1996, Ras held various operational and executive positions in operating, maintenance, engineering and power station management at Eskom. In 1997, he joined Iscor Mining where he led company-wide cost improvement, business re-engineering, and transformation and empowerment projects. He was appointed managing director of Kumba Resources’ coal business in 2000 and headed the transformation unit from 2003 in managing the empowerment and mineral rights conversion of the company, including project managing the empowerment transaction and the unbundling of the company into Exxaro and Kumba Iron Ore. He was appointed as the first CEO of Kumba Iron Ore at the unbundling in 2006. Following the 2008 electricity crisis, Ras was seconded to Eskom to develop and implement a long-term coal supply strategy. In 2011, he co-founded Hindsight Financial and Commercial Solutions, a boutique corporate professional advisory firm, providing business development, specialist commercial solutions, and strategy and business improvement advisory services to the resources, energy and industrial sectors. He is a member of the Institute of Directors of South Africa and serves on the international advisory board of Unashamedly Ethical NPO.

MJ Moffett — Mark (60)

Independent non-executive director and member of the audit, investment and sustainability, risk and compliance committees

Director since 18 May 2018
BCom, (CTA), CA(SA)

Skills and experience:
Mark has more than five years of public company board exposure and over 25 years of financial and commercial experience in the mining industry with a number of leading global mining companies. He has wide exposure to a number of commodities, including diamonds, thermal coal, ferrochrome and platinum group metals, and has a deep understanding of the South African mining landscape and the strategic imperatives going forward. He has held a variety of senior financial positions, operational and corporate, in a number of different countries with Anglo American/De Beers, as CFO of Xstrata Alloys and subsequently as group controller of Xstrata. He currently serves as an independent non-executive director of Royal Bafokeng Platinum as a member of its audit committee. He served as chairman of Fraser Alexander until his resignation from its board in March 2018.

VZ Mntambo — Zwelibanzi (62)

Non-executive director and member of remuneration and nomination committee

Director since 28 November 2006
BJuris, LLB (North West University), LLM (Yale)

Skills and experience:
Zwelibanzi is executive chairman of Moabi Capital. He was previously senior lecturer at the University of Natal, executive director of the Institute of Mine Surveyors of Southern Africa, director-general of Gauteng and chairman of the Commission for Conciliation, Mediation and Arbitration. He is chairman of Main Street 333. He is also a director of Eyesizwe Holdings, Eyesizwe Mining and a trustee of the Paleo-Anthropological Scientific Trust.

LI Mophatlane — Isaac (46)

Independent non-executive director and chairman of investment committee and member of audit committee and social and ethics committee

Director since 23 May 2018

Skills and experience:
He is co-founder, shareholder and director of Randvest Group with core focus on leveraged acquisitions and strategic investments mainly in technology companies. Isaac is chairman of Bothomed, which is currently a shareholder with the Public Investment Corporation in Dischem Pharmacies. He is also a member of the Black Management Forum, the Electronics Industries Federation of South Africa, the Black Information Technology Forum and non-executive deputy chairman of the Catholic Education Investment Company.

MDM Mgojo — Mxolisi (59)


Director since April 2016

BSc Computer Science, BSc (Hons)(Energy Studies), MBA, Advanced Management Programme (Wharton)

Skills and experience:
Previously at Eyesizwe Coal, Mxolisi was responsible for marketing and logistics. After Exxaro’s formation, he managed the base metals and industrial minerals commodity business before being appointed to head coal operations from August 2008. Mxolisi was appointed CEO designate on 1 May 2015 and CEO on 1 April 2016. Mxolisi is a director of Talent10 Holdings and Dynamo Investment Holdings. He was elected president of the Chamber of Mines (now Minerals Council South Africa) on 24 May 2017.

PA Koppeschaar — Riaan (49)

Finance director

Director since July 2016
CA(SA), Advanced and Associate programmes in Treasury Management, Advanced Diploma in Taxation, Advanced Management Programme (INSEAD, France), Certificate in Theory of Accounting. Member of the Association of Corporate Treasurers of South Africa

Skills and experience:
Riaan started his career with Coopers and Lybrand. After completing his articles, he branched into the fields of treasury, investment management and corporate finance. He has held various senior management positions at Iscor, Kumba Resources and Exxaro until his appointment as finance director of Exxaro on 1 July 2016. He is a director of several Exxaro subsidiary companies, joint ventures and a trustee and investment committee member of the Exxaro Pension and Provident funds.

Audit committee
Investment committee
Remuneration and nomination committee
Social and ethics committee
Sustainability, risk and compliance committee
* Committee chair