Successor named at Northam

Paul Dunne profile picThe board of Northam announces the appointment of Mr Paul Dunne as successor to Mr Glyn Lewis, current Chief Executive Officer (CEO) of Northam. This follows a decision by Mr Lewis to slightly accelerate his retirement plans as Northam’s CEO. In the best interests of Northam and in order to ensure a smooth transition, the board is therefore pleased to confirm that Mr Lewis will remain an employee of Northam until his current employment contract expires on 30 June 2014.

The appointment of Mr Dunne arises from a comprehensive process followed by the board to timeously find a suitable replacement for Mr Lewis.

Mr Dunne is a former executive director of Impala Platinum Holdings Limited (Implats) who held responsibility for mining, concentrating and smelting operations at Implats’ Rustenburg and Marula mines. The board has full confidence in Mr Dunne’s ability to take over from Mr Lewis and is pleased to have found a highly qualified and experienced replacement for Mr Lewis.

In order to allow Mr Dunne to effectively fulfil his position as new CEO and to do so as soon as possible, whilst ensuring a smooth transition with Mr Lewis, Mr Dunne will assume the CEO role with effect from 1 March 2014.

Mr Lewis joined Northam in 2001 as manager of the Zondereinde division and was appointed as CEO in 2005. During Mr Lewis’ tenure the geologically challenging and technically difficult operation at Zondereinde has been placed on a stable and sustainable footing. Decline access to 2 300 metres below shaft collar is being developed, where new levels, to access conformable Merensky Reef reserves will progressively become available for mining. The Booysendal project was commissioned on 30 June 2013, on schedule, within budget and is currently being ramped up to the design capacity of 150 000 tons milled per month.

Northam’s directors express their grateful appreciation to Mr Lewis for his outstanding service to the company and its stakeholders and especially for pro-actively ensuring that a smooth transition with Mr Dunne will occur. They wish him well in his future endeavours and they welcome Mr Dunne as CEO.

Issued by
Russell & Associates
Tel +27 (0)11 880 3924