Lonmin appoints Magara CEO

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By Zimbabwe Investor on April 2, 2013. No Comments

Former Anglo executive Ben Magara is new Lonmin boss

Former Anglo executive Ben Magara is new Lonmin boss

Ben Magara, currently executive head of engineering and capital projects, is to join Lonmin as chief executive from the beginning of July.

He will be tasked with guiding the platinum miner’s turnaround plan and improving industrial relations at the company after strikes last year triggered violence which killed 46 people.

A Zimbabwean national who previously ran Anglo America’s South African coal operations, Lonmin said Mr Magara had enjoyed a “distinguished career” and has shown “exceptional operational ability”.

The miner added that his tenure in all projects at Anglo Platinum had been “fatality free”.

Lonnmin has been searching for a new chief executive since the end of last year, when Ian Farmer officially stepped aside due to illness.

The company has been recovering and in January said production in the last three months of 2012 bounced back more strongly than expected from crippling strikes.

Commenting on Mr Magara’s appointment, Lonmin chairman Roger Phillimore said: “Our renewal plan is on track and progress is being made towards the better definition and achievement of our initiatives to improve both the working and living environment of all Lonmin employees for the benefit of all stakeholders and shareholders.

“The board is confident that Ben’s extensive experience in working in South Africa and the mining community, his relationships and his demonstrated success in proactive relationship building with all stakeholders will drive Lonmin forward.”

“Lonmin is a company with excellent assets. I am excited at the prospect of leading team Lonmin and contributing to making a positive difference,” said Mr Magara.

Simon Sott, who has been acting chief executive since August 2012, will resume his role as finance director when Mr Magara joins.