Johannesburg - Harmony Gold Mining Company [JSE:HAR] said on
Monday that CEO Graham Briggs‚ who would have retired in the next year in line
with company policy‚ has agreed to remain with Harmony in his current position
for another four years.
Chairperson of Harmony‚ Patrice Motsepe said‚ "Graham
has done good work as chief executive officer of Harmony and is doing
outstanding work in Papua New Guinea. The Board is confident that he will
continue to lead the company in delivering sustainable‚ competitive
Furthermore the company has embarked on a process to sharpen
its organisational efficiency.
Four key strategic objectives were considered in making the
change‚ which are: strategy‚ operational delivery‚ standardisation‚ and growth.
Going forward there will be only one chief operating officer
(COO) or South Africa‚ Tom Smith‚ with two operating officers (OOs)‚ Beyers Nel
and James Mufara. The OOs then each serves specific mines in the company.
Smith has appointed his own operational team and the rest of
the executive management team will continue reporting to the CEO.
Jaco Boshoff‚ previously acting as COO of the North
operations‚ will assume the responsibility of Executive: Ore Resources Development
and Growth and will retain responsibility of COO for Evander until the sales
process has been completed.