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SIBANYE STILLWATER LIMITED - Changes and appointments to Sibanye-Stillwater senior management

Release Date: 22/01/2021 13:15
Code(s): SSW     PDF:  
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Changes and appointments to Sibanye-Stillwater senior management

Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW

Changes and appointments to Sibanye-Stillwater senior management

Johannesburg, 22 January 2021: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
is pleased to update stakeholders on further changes to the organisational structure,
designed to enhance delivery and strategic focus.

Robert van Niekerk, previously Executive Vice President: Group Technical has been
appointed as Chief Technical Officer for the Group, effective from 1 Dec 2020. Robert
has occupied various senior leadership roles within the Group since its formation in
2013, including leading the successful integration of the Kroondal, Rustenburg and
Marikana PGM operations. Robert has more than 30 years’ experience at both underground
and surface mining operations, locally and internationally.

Dawie van Aswegen has been appointed EVP: SA PGM operations, effective 11 January
2021, replacing Wayne Robinson who was appointed as EVP for the US PGM operations in
September 2020 following the untimely passing of Chris Bateman. Dawie has been an
integral part of the SA PGM leadership team since joining Sibanye-Stillwater from
Anglo American Platinum in 2016. Dawie has held various senior management positions
in the mining industry, primarily in the PGM sector, for more than 25 years.

We have also strengthened our ESG capability through the appointment of Loyiso Ndlovu
as Senior Vice President: ESG. Loyiso comes with 20 years’ experience in the
sustainability sector through leading development finance and impact lending across
infrastructure, agriculture and small businesses. She has 15 years governance
experience in development led conservation and has led interactions across the
continent on development finance, market led conservation and sustainability
principles in banking. She holds a Masters in Business Administration (Unisa) and a
Bachelor of Science in Industrial Information Technology (City University-
Birmingham, UK) and attended the Management Development Program at Unisa.

Group CEO Neal Froneman commenting in the appointments said:” As the Group has grown
and evolved, we have continued to adapt our corporate structure to ensure efficient
delivery of our strategic priorities. I am confident that these changes to the
executive and additions to the senior management team will further bolster our ability
to deliver value, as we execute our strategic intent and ensure operating excellence
across the Group.”

For full biographies of executive members, please refer to us/leadership/.

Investor relations contact:
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

The information in this announcement may contain forward-looking statements within
the meaning of the “safe harbour” provisions of the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements, including, among
others, those relating to Sibanye Stillwater Limited’s (“Sibanye-Stillwater” or the
“Group”) financial positions, business strategies, plans and objectives of management
for future operations, are necessarily estimates reflecting the best judgment of the
senior management and directors of Sibanye-Stillwater.
All statements other than statements of historical facts included in this announcement
may be forward-looking statements. Forward-looking statements also often use words
such as “will”, “forecast”, “potential”, “estimate”, “expect” and words of similar
meaning. By their nature, forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances and should be considered in
light of various important factors, including those set forth in this disclaimer.
Readers are cautioned not to place undue reliance on such statements.

The important factors that could cause Sibanye-Stillwater’s actual results,
performance or achievements to differ materially from those in the forward-looking
statements include, among others, our future business prospects; financial positions;
debt position and our ability to reduce debt leverage; business, political and social
conditions in the United States, South Africa, Zimbabwe and elsewhere; plans and
objectives of management for future operations; our ability to obtain the benefits
of any streaming arrangements or pipeline financing; our ability to service our bond
instruments; changes in assumptions underlying Sibanye-Stillwater’s estimation of
their current mineral reserves and resources; the ability to achieve anticipated
efficiencies and other cost savings in connection with past, ongoing and future
acquisitions, as well as at existing operations; our ability to achieve steady state
production at the Blitz project; the success of Sibanye-Stillwater’s business
strategy; exploration and development activities; the ability of Sibanye-Stillwater
to comply with requirements that they operate in a sustainable manner; changes in the
market price of gold, PGMs and/or uranium; the occurrence of hazards associated with
underground and surface gold, PGMs and uranium mining; the occurrence of labour
disruptions and industrial action; the availability, terms and deployment of capital
or credit; changes in relevant government regulations, particularly environmental,
tax, health and safety regulations and new legislation affecting water, mining,
mineral rights and business ownership, including any interpretations thereof which
may be subject to dispute; the outcome and consequence of any potential or pending
litigation or regulatory proceedings or other environmental, health and safety issues;
power disruptions, constraints and cost increases; supply chain shortages and
increases in the price of production inputs; fluctuations in exchange rates, currency
devaluations, inflation and other macro-economic monetary policies; the occurrence
of temporary stoppages of mines for safety incidents and unplanned maintenance; the
ability to hire and retain senior management or sufficient technically skilled
employees, as well as their ability to achieve sufficient representation of
historically disadvantaged South Africans in management positions; failure of
information technology and communications systems; the adequacy of insurance
coverage; any social unrest, sickness or natural or man-made disaster at informal
settlements in the vicinity of some of Sibanye-Stillwater’s operations; and the impact
of HIV, tuberculosis and the spread of other contagious diseases, such as coronavirus
(“COVID-19”). Further details of potential risks and uncertainties affecting Sibanye-
Stillwater are described in Sibanye-Stillwater’s filings with the Johannesburg Stock
Exchange and the United States Securities and Exchange Commission, including the
Integrated Annual Report 2019 and the Annual Report on Form 20-F for the fiscal year
ended 31 December 2019.

These forward-looking statements speak only as of the date of the content. Sibanye-
Stillwater expressly disclaims any obligation or undertaking to update or revise any
forward-looking statement (except to the extent legally required).

Date: 22-01-2021 01:15:00
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