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ArcelorMittal South Africa Announces Changes to Board
Feb. 8, 2010 ArcelorMittal South Africa has announced the appointment of Johnson Njeke, who has served as independent non-executive director on ArcelorMittal South Africa’s board since January 2002, as full-time chairman. He replaces Dr. Khotso Mokhele, who resigned from his position in December 2009; Njeke had been acting chairman since that time.
Apart from ArcelorMittal South Africa, Njeke’s directorships include NM Rothschild (SA), Kagiso Trust Investments, Metropolitan Holdings, and MTN Group. He will also chair ArcelorMittal South Africa’s Nominations Committee.
ArcelorMittal South Africa also welcomes Malcolm Macdonald as an independent, non-executive director to its board. Between 1997 and 2004, Macdonald was the Financial Director of Iscor, ArcelorMittal South Africa’s predecessor. He currently serves as a non-executive director and chairman of audit committees on the boards of Astral Foods, GijimaAST, and Coris Capital.
Other board changes include:
- The Audit Committee and Risk Committees being combined to form the Audit and Risk Committee. Erick Diack was appointed as Chairperson of this committee; Chris Murray and Macdonald as members
- Thandi Orleyn being appointed as Chairperson of the Transformation Committee
- Lumkile Mondi’s appointment as a member of the Remuneration Committee
- Macdonald being appointed as a member of the Safety, Health and Environment Committee.
The appointments were effective from February 4, 2010.