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Cape Town - Lonmin announced on Tuesday the appointment of Barrie van der Merwe as new executive director of the company and chief financial officer with effect from May 17 2016.
CEO Ben Magara said the 40-year-old chartered accountant brings with him extensive experience in the mining industry and as a hands-on leader.
"I am excited to welcome him and I have no doubt he can bring that experience to bear at Lonmin."
Lonmin chairperson Brian Beamish welcomed Van der Merwe to the board.
"He brings with him a significant amount of knowledge of the sector and South Africa and I have no doubt he will make a valuable contribution to the board."
Van der Merwe, who holds a B Com (Hons) degree in Accounting from the University of Pretoria, was in 2012 and 2015 chief financial officer of Debswana Diamond Company, which is the world's leading producer of rough diamonds by value and a joint venture between the Botswana government and De Beers.
He also held several senior financial management positions with Anglo American and Anglo Platinum, spanning 10 years between 2002 and 2012, the most recent being head of finance, reporting directly to Anglo Platinum's then finance director.
In addition,Van der Merwe held several non-executive directorships, including Morupule Coal Mine Limited between 2013 and 2015 and Wesizwe Platinum Limited between 2013 and 2015.
Simon Scott will step down as a director and CFO following the interim results published on 16 May 2016.
Lonmin is one of the world's largest primary producers of PGMs. These metals are essential for many industrial applications, especially catalytic converters for internal combustion engine emissions, as well as their widespread use in jewellery.
