3 December 2024
South32
Limited
(Incorporated in Australia under the Corporations Act
2001 (Cth))
(ACN 093
732 597)
ASX / LSE
/ JSE Share Code: S32; ADR: SOUHY
ISIN:
AU000000S320
south32.net
SOUTH32 APPOINTS NEW
DIRECTORS
South32
Limited (ASX / LSE / JSE: S32; ADR: SOUHY) (South32)
today announced the appointment of independent Non-Executive
Directors, Stephen Pearce and Mandlesilo (Mandla) Msimang, to the
South32 Board.
Both appointees will join the Board on 1
February 2025 and seek election by shareholders at the 2025 Annual
General Meeting.
Stephen has more than 20 years' public company
director experience and is currently a Non-Executive Director at
BAE Systems plc where he chairs the Audit and Risk Committee. He is
also a Director and Strategic Advisor to the Wyllie Group. During
his executive career, Stephen was most recently Group Chief
Financial Officer and Executive Director at Anglo American plc for
close to seven years until late 2023. Prior to Anglo American,
Stephen was Group Chief Financial Officer and Executive Director at
Fortescue Metals Group.
Mandla is currently Chief Executive Officer of
100 per cent female-owned and led private equity firm Nozala Women
Investments, which owns and manages a diversified portfolio
spanning the minerals and energy sector, as well as industrial and
consumer services. She is also a Non-Executive Director at Telkom
SA Limited and South African diversified mining company
Exxaro Resources Limited.
South32 Chair Karen Wood said "It is my
pleasure to welcome Stephen and Mandla to South32's Board. Both are
highly experienced directors whose skills will be invaluable in
supporting the ongoing delivery of our strategy.
"Stephen brings a wealth of global experience
with resources, finance, commercial and operational expertise over
more than 35 years in mining, oil and gas, and utilities. Mandla
brings extensive regulatory, public policy and information,
communications and technology expertise, as well as deep knowledge
and experience across Africa and the Middle East.
"The appointments of Stephen and Mandla are
part of our Board succession process, which ensures we
appropriately plan for the future. I have no doubt
they will further enhance the depth of skills on our Board,
ensuring it continues to possess the requisite expertise
as we continue our work to transform our portfolio
to supply commodities critical to a low-carbon
future."
ENDS
Stephen Pearce
biography
Stephen Pearce has more than 20 years'
experience as a director of public companies and more than 35 years
of financial and commercial experience in the mining, oil and gas,
and utilities industries.
Mr Pearce is currently a Non-Executive Director
at BAE Systems plc, where he chairs the Audit and Risk
Committee.
He has held a range of leadership roles
including Group Chief Financial Officer and Executive Director of
Anglo American plc, a position he held for close to seven years. He
also served as Group Chief Financial Officer and Executive Director
of Fortescue Metals Group Limited and as CFO at Alinta
Energy.
Based in Australia, Mr Pearce holds a Bachelor
of Business from the Royal Melbourne Institute of
Technology. He is a Fellow of the Institute of Chartered
Accountants, a Fellow of the Governance Institute of Australia and
a Member of the Australian Institute of Company
Directors.
Mandla Msimang
biography
Mandla Msimang is an executive with more 20
years of information and communications technology experience. She
is currently Chief Executive Officer of Nozala Women Investments, a
female-owned private equity firm that owns and manages a
diversified portfolio in the minerals and energy sector as well as
industrial and consumer services. The company aims to make a
meaningful contribution towards building a lasting legacy for women
in Africa.
Ms Msimang is also a Non-Executive Director at
Exxaro Resources Limited, where she is a member of the Investment
Committee and Risk and Business Resilience Committee, and sits on
the Board at Telkom SA Limited. Her professional area of expertise
is regulation, with a focus on economic and infrastructure
regulation, public policy, universal service and access,
competition policy, and broadband policy and funding.
Based in South Africa, Ms Msimang holds a
Bachelor of Arts from Cornell University and a Master of Science in
Regulation from the London School of Economics. She serves on the
International Advisory Board of the University of Johannesburg
Business School, and the Board of Research ICT Africa. She was a
member of the Internet Corporation for Assigned Names and Numbers
(ICANN) Board from 2019 to 2022.
About us
South32 is a globally diversified mining and
metals company. Our purpose is to make a difference by developing
natural resources, improving people's lives now and for generations
to come. We are trusted by our owners and partners to realise the
potential of their resources. We produce commodities including
bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel and
manganese from our operations in Australia, Southern Africa and
South America. We also have a portfolio of high-quality development
projects and options, and exploration prospects, consistent with
our strategy to reshape our portfolio toward commodities that are
critical for a low-carbon future.
Investor
Relations
|
Media
Relations
|
Ben
Baker
T
+61 8 9324 9363
M
+61 403 763 086 E
Ben.Baker@south32.net
|
Jamie Macdonald
T
+61 8 9324 9000
M +61 408 925
140
E
Jamie.Macdonald@south32.net
|
Further information on South32 can be found
at www.south32.net.
Approved for release
to the market by Graham Kerr, Chief Executive
Officer
JSE Sponsor: The Standard
Bank of South Africa Limited
3
December 2024