Johannesburg – Well-known businessman and former cabinet minister Valli Moosa has been appointed independent non-executive chairperson of Anglo Platinum [JSE:AMS]
with immediate effect‚ the company announced on Friday.
Moosa’s appointment follows the retirement of Cynthia Carroll‚ who stepped down at the company’s Annual General Meeting today.
Valli has been a director since 2008‚ served as deputy chairperson and lead independent director of the board since 2010 and is well placed to succeed Cynthia as chairperson. Valli is the current chairperson of Sun International.
Valli said: "I look forward to leading the board through this challenging time and working with the executive team to ensure that we deliver on our commitment to restoring Anglo Platinum to safe and sustainable profitability‚ for the long term benefit of all our stakeholders.
I also thank Cynthia Carroll for her committed service to the board over the last six years and we wish her well for the future."
The board also announced the appointment of Mark Cutifani as a non-executive director of the Amplat's board with immediate effect. Cutifani is the chief executive of Anglo American [JSE:AGL]
and former chief executive of AngloGold Ashanti.
The board committees will be re-constituted in line with King III Code of Governance and the JSE listing requirements.
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.