We continue to have conviction in Exxaro's Sustainable Growth and Impact strategy. For the year ahead, we will focus on meeting customer demand, driving safe, disciplined and efficient production, while creating value for stakeholders.
| Key | |
| Executive director | |
| Cennergi executive committee | |
| Executive committee | |
Chief coal operations officer
Appointed 1 March 2022
BTech (extractive metallurgical) (University of Johannesburg), Advanced Management Programme (INSEAD)
In 2004, Kgabi was appointed process and metallurgical manager before progressing to general manager, processing and later to head of integrated operations within BHP Energy Coal. In 2015, he was appointed vice-president: operations and later moved to vice-president: commercial for coal, manganese and aluminium at South32 Africa Region. From 2018 until 2021, Kgabi served as president: South African energy coal. He formerly served on the Minerals Council as chair of its coal leadership forum.
Managing director: energy
Appointed 1 April 2023
CA(SA), associate member of CIMA
Leon joined Exxaro (then Iscor) in 1997. During this time, he occupied the following roles: manager: finance and administration (1997 to 1999); head of finance: coal (1999 to 2011); performance manager: growth (2012 to 2014); group manager: strategic investments (2015 to 2016); general manager: corporate finance (2016 to 2019); and was seconded to Exxaro's energy solutions business from 2019 to date. He was appointed as managing director of the energy business in 2023. His skills include leadership in various teams, strategic planning and execution, finance and deal making.
Chief sustainable impact officer
Appointed 1 April 2015
HDip (metalliferous mining and coal mining) (University of Johannesburg), MBL (Unisa), Advanced Management Programme (Wharton), Mine Overseer's Certificate, Mine Manager's Certificate of Competency (fiery mines)
Since the start of his career, Mongezi has earned extensive mining experience in the gold, platinum and coal sectors. He is a certificated professional engineer registered with the Engineering Council of South Africa. Mongezi was third in the Sustainability magazine's top 10 chief sustainability officers in 2022.
Chief technology officer
Appointed 1 April 2015
BEng (metallurgy) (University of Pretoria), MBA (University of Stellenbosch), Advanced Management Programme (INSEAD), Certified Director (IoDSA)
Johan started his career in production management at Iscor's Pretoria steel works. He worked at KZN Sands, headed research and development at Kumba Resources as part of the leadership team of Mineral Sands (Tronox), was BU manager of Zincor and Exxaro corporate office. His current role focuses on delivering coal growth projects of approximately R20 billion and developing integrated resource and reserve LoM plans and supporting implementation of the minerals strategy. He is passionate about leading people and powering better lives.
Chief people and performance officer
Appointed 16 October 2023
BA (Hons), MA (University of Essex, UK), ACA (UK), Advanced Management Programme (INSEAD)
Joseph is a chartered accountant with over 30 years' business experience spanning the consulting, public and private sectors. He has spent the past 15 years holding various roles across the human capital value chain, most recently as the former group head of people experience and chief operating officer for people and culture for Absa Group Limited, spanning 10 countries across Africa. He has held various board roles including 10 years as a non-executive director of Shoprite Holdings Limited, serving four years as the chair of the remuneration committee.
Chief growth officer
Appointed 1 October 2023
BSc (Eng) (University of Cape Town), MA Business Administration (Wits)
Richard has almost 30 years of engineering, consulting and investment banking experience. Having started his career working at Eskom's power stations and then at EL Bateman in project management, Richard joined Marsh McLellan as an enterprise risk consultant, consulting primarily to the mining sector on a global basis. Subsequently, Richard joined Standard Chartered Bank as a mining investment banker, eventually leading the southern Africa mergers and acquisitions team originating and executing on a range of transactions across mining and metals, oil and gas, renewable energy, industrial and agricultural sector deals across Africa.
Acting chief strategic resilience and governance officer
Appointed 25 September 2024
Three LLM degrees, including Extractive Industries Law in Africa (University of Pretoria, 2019), Certificate in Advance Corporate Law and Securities Law (2009)
Tsheko is a lawyer by profession. He was a member of the Johannesburg Bar between 2009 and 2012. Before joining Exxaro, he held senior positions in the public sector, including being a law lecturer at the Justice College (Department of Justice), and deputy registrar of intellectual property. He left public service in 2006 in the position of the chief director and head of the environment inspectorate (the Green Scorpions) at the Gauteng Department of Agriculture, Conservation and Environment to join Kumba Resources Limited (later Exxaro Resources Limited).
Group company secretary (ex officio)
Appointed 1 March 2022
LLB, Fellow of the South African Institute of Chartered Secretaries and Administrators
Michelle has over 30 years of company secretarial experience over multiple geographies on the continent and offshore. She is a fellow of the South African Institute of Chartered Secretaries and Administrators, certified director (IoDSA) and law graduate.
| * | Exxaro policy requires all employees, including executives, to retire at the age of 63. |
| ** | The Exxaro executive team has more than 87 years of combined service since Exxaro's inception. |
The roles and responsibilities of Exxaro's board are distinct from those of senior management as outlined in the group governance framework, board charter and delegation of authority policy and framework. This ensures transparency, confidence and mutual trust where the board can constructively challenge and guide senior management. The functions of management therefore remain the responsibility of the executive directors, prescribed officers and other members of senior management.
The executive committee assists the CEO in managing the business. It leads the implementation and execution of strategy, policies and operational planning, subject to statutory limitations and enabled by the board's delegation of authority. In carrying out its duties, the executive committee considers the King IV governance principles, the company's MoI, the committee's terms of reference, delegations of authority and the group governance framework.
The board is responsible for establishing the group's business objectives and targets and providing the strategic direction and control of the group's business activities.
The group executive committee formed the following sub-committees to support and report to it:
The group executive committee held five quarterly and nine special meetings in 2024:
| Designation | Designation Attendance at quarterly meetings | Attendance at special meetings |
| CEO and chairperson, including acting | 5/5 | 8/9 |
| FD | 5/5 | 9/9 |
| Chief growth officer | 5/5 | 9/9 |
| Chief coal operations officer, including acting | 4/5 | 9/9 |
| Chief people and performance officer | 4/5 | 9/9 |
| Chief strategic resilience and governance officer, including acting | 5/5 | 8/9 |
| Chief sustainable impact officer | 5/5 | 9/9 |
| Chief technology officer | 4/5 | 9/9 |
| Group company secretary (ex officio) from 1 May 2024 | 4/4 | 6/6 |
The Cennergi executive committee held four quarterly and four special meetings in 2024:
| Designation | Attendance at quarterly meetings | Attendance at special meetings |
| CEO and chairperson | 3/4 | 4/4 |
| FD | 4/4 | 4/4 |
| Managing director: Cennergi | 4/4 | 4/4 |
A strategic performance management dashboard is applied to enable visibility of strategy execution and facilitate strategic conversations at the right time within our tiered group governance structure.
For more on our performance see:
Michelle Nana was appointed group company secretary effective 1 May 2024.
The board recognises the important role the group company secretary plays in establishing effective processes and systems to ensure good corporate governance is entrenched in Exxaro. The group company secretary's role and responsibilities are to:
The board evaluated the group company secretary in compliance with paragraph 3.84(h) of the JSE Listings Requirements and was satisfied with her competence, qualifications and experience. The board was comfortable that she maintained an arm's length relationship with individual directors and that she was neither a director nor a public officer of the company or any of its subsidiaries.
IR