Wrap Text
Changes to the Sibanye-Stillwater Executive management
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
(“Sibanye-Stillwater” or “the Group” or “the Company”)
Website: www.sibanyestillwater.com
Changes to the Sibanye-Stillwater Executive management
Johannesburg, 2 October 2020. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
is pleased to provide an update regarding organizational structure changes, designed
to enhance delivery and strategic focus.
Richard Stewart, currently Executive Vice President (EVP): Business Development has
been promoted to Group COO effective 1 December 2020. Richard joined the Group in 2014
and has been instrumental in executing the groups external growth and business
development strategies. Richard has over 20 years’ experience in the mining sector
and holds a Phd in geology.
Laurent Charbonnier will be joining the company and assuming the role of EVP Business
Development. Laurent has more than 20 years’ experience in investment banking and
recently left his role as Managing director and Global Head of Metals & Mining for
HSBC, which he occupied for the last eight years. He was a lead advisor to Sibanye-
Stillwater on the acquisitions of Aquarius Platinum, Rustenburg, Stillwater and Lonmin
and their related financing (bridge financing, rights issue and bonds).
Following the untimely passing of Chris Bateman on 6 September 2020, Wayne Robinson
(currently EVP: SA PGM operations) has been appointed EVP: Montana operations. Wayne
has worked in the South African gold and platinum mining sectors for more than 25
years.
Lerato Legong, who joined the Group in early 2020 as SVP Legal and Compliance, has
been promoted to EVP: Legal and Compliance. He has served both in private practice
and as in-house counsel in the mining industry over a 17-year period.
Group CEO Neal Froneman commented: ”Sibanye-Stillwater has come a long way since the
listing of Sibanye Gold in 2013. We are a close knit and strong team that has grown
through our experiences. I am confident that these changes in the executive team
will further bolster our ability to deliver value as we execute our strategic intent
of ensuring operating excellence across the Group. The organisational transition is
ongoing and I look forward to providing further clarity in due course.”
For full biographies of executive members, please refer to
https://www.sibanyestillwater.com/about-us/leadership/.
Ends.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
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Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Ends.
FORWARD LOOKING STATEMENTS
The information in this announcement may contain forward-looking statements within the meaning
of the “safe harbour” provisions of the United States Private Securities Litigation Reform
Act of 1995. These forward-looking statements, including, among others, those relating to
Sibanye Stillwater Limited’s (“Sibanye-Stillwater” or the “Group”) financial positions,
business strategies, plans and objectives of management for future operations, are necessarily
estimates reflecting the best judgment of the senior management and directors of Sibanye-
Stillwater.
All statements other than statements of historical facts included in this announcement may be
forward-looking statements. Forward-looking statements also often use words such as “will”,
“forecast”, “potential”, “estimate”, “expect” and words of similar meaning. By their nature,
forward-looking statements involve risk and uncertainty because they relate to future events
and circumstances and should be considered in light of various important factors, including
those set forth in this disclaimer. Readers are cautioned not to place undue reliance on such
statements.
The important factors that could cause Sibanye-Stillwater’s actual results, performance or
achievements to differ materially from those in the forward-looking statements include, among
others, our future business prospects; financial positions; debt position and our ability to
reduce debt leverage; business, political and social conditions in the United States, South
Africa, Zimbabwe and elsewhere; plans and objectives of management for future operations; our
ability to obtain the benefits of any streaming arrangements or pipeline financing; our
ability to service our bond instruments; changes in assumptions underlying Sibanye-
Stillwater’s estimation of their current mineral reserves and resources; the ability to
achieve anticipated efficiencies and other cost savings in connection with past, ongoing and
future acquisitions, as well as at existing operations; our ability to achieve steady state
production at the Blitz project; the success of Sibanye-Stillwater’s business strategy;
exploration and development activities; the ability of Sibanye-Stillwater to comply with
requirements that they operate in a sustainable manner; changes in the market price of gold,
PGMs and/or uranium; the occurrence of hazards associated with underground and surface gold,
PGMs and uranium mining; the occurrence of labour disruptions and industrial action; the
availability, terms and deployment of capital or credit; changes in relevant government
regulations, particularly environmental, tax, health and safety regulations and new
legislation affecting water, mining, mineral rights and business ownership, including any
interpretations thereof which may be subject to dispute; the outcome and consequence of any
potential or pending litigation or regulatory proceedings or other environmental, health and
safety issues; power disruptions, constraints and cost increases; supply chain shortages and
increases in the price of production inputs; fluctuations in exchange rates, currency
devaluations, inflation and other macro-economic monetary policies; the occurrence of
temporary stoppages of mines for safety incidents and unplanned maintenance; the ability to
hire and retain senior management or sufficient technically skilled employees, as well as
their ability to achieve sufficient representation of historically disadvantaged South
Africans in management positions; failure of information technology and communications
systems; the adequacy of insurance coverage; any social unrest, sickness or natural or man-
made disaster at informal settlements in the vicinity of some of Sibanye-Stillwater’s
operations; and the impact of HIV, tuberculosis and the spread of other contagious diseases,
such as coronavirus (“COVID-19”). Further details of potential risks and uncertainties
affecting Sibanye-Stillwater are described in Sibanye-Stillwater’s filings with the
Johannesburg Stock Exchange and the United States Securities and Exchange Commission.
These forward-looking statements speak only as of the date of the content. Sibanye-Stillwater
expressly disclaims any obligation or undertaking to update or revise any forward-looking
statement (except to the extent legally required).
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Date: 02-10-2020 05:25:00
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