Johannesburg – Mining group, Kumba Iron ore today announced the appointment of Terence Goodlace as its new chairman, replacing Mandla Gantsho who retired following the company’s Annual General Meeting last month.
Kumba CEO, Themba Mkhwanazi, said, Goodlace has “exceptional mining”, corporate governance, and commercial experience.
“As a widely respected leader in the South African mining industry, his demonstrable commitment to health, safety, operational excellence, and innovation adds to the quality of our board discussions. The Board and management team look forward to his leadership as Chairman and drawing further on his knowledge and insights,” he said. Goodlace was first appointed to the Kumba board in March 2017 and has served as the Lead Independent Director.
According to the statement from Kumba, Goodlace’s mining career commenced in 1977 and has spanned more than 40 years. The company said he spent the majority of his career at Gengold (merged with Gold Fields South Africa to become Gold Fields Limited in 1998) where he progressed through the ranks to become the Chief Operating Officer in 2008.
Goodlace said this about his appointment: ‘I am delighted to be appointed as Chairman of Kumba as the Company continues its focus on unlocking its full potential. As Africa’s largest iron ore producer, Kumba is uniquely positioned to continue producing premium products for its global customers while delivering sustainable value for all its stakeholders. I look forward to continuing to work with the Board and the management team, led by Themba, as we work on further advancing Kumba’s strategic and operational objectives.”
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