GOVERNANCE | Our executive team | Next: Remuneration and nomination committee report

Governance
Our executive team

Mxolisi Mgojo (60)

CEO
BSc (computer science), BSc (Hons) (energy studies), MBA, advanced management programme (Wharton)

Skills and experience

At Eyesizwe Coal, Mxolisi was responsible for marketing and logistics. After Exxaro’s formation, he managed the base metals and industrial minerals commodity business before he was appointed head of coal operations from August 2008. Mxolisi was appointed CEO designate on 1 May 2015 and CEO on 1 April 2016. He is a director of Tronox, Talent10 Holdings and Dynamo Investment Holdings. He was elected president of the Chamber of Mines (now Minerals Council) on 24 May 2017.

Riaan Koppeschaar (50)

FD
CA(SA), advanced and associate programmes in treasury management, advanced diploma in taxation, advanced management programme (INSEAD), certificate in theory of accounting

Skills and experience

Riaan started his career with Coopers and Lybrand. After completing his articles, he branched into the fields of treasury, investment management and corporate finance. He held various senior management positions at Iscor, Kumba and Exxaro until his appointment as FD of Exxaro in 2016. He is a director of several Exxaro subsidiary companies and joint ventures. He is a trustee and investment committee member of the Exxaro pension and provident funds. Riaan is also a member of the Association of Corporate Treasurers of Southern Africa.

Nombasa Tsengwa (56)

CEO designate
CEO designate (appointed 16 March 2021)
PhD (agronomy), executive development programme (INSEAD)

Skills and experience

Nombasa has more than 18 years’ executive management and board experience in the public and private sectors. In 2003, she joined Kumba as general manager: safety, health and environment. In 2007, she was appointed executive general manager: safety and sustainable development. In 2010, she became directly involved with the management of coal operations as general manager of captive mines and general manager of Mpumalanga operations. In 2015, she was appointed acting executive head of coal operations and executive head of coal operations in 2016. She is the 2017 winner of the Standard Bank Business Woman of the Year Award and the 2018 winner of the Pan African Awards Africa’s most influential woman in business and government mining industry category. An avid long-distance runner, Nombasa has completed nine Comrades marathons.

Vanisha Balgobind (47)

Executive head: human resources
BA (Hons) (industrial psychology), MBA (industrial psychology), management development programme (Gordon Institute of Business Science)

Skills and experience

Vanisha is a registered industrial psychologist with more than 20 years’ experience in the mining industry. She joined Iscor Mining in 1997 as a human resources graduate trainee. She was later employed at Kumba as a human resources business partner and within talent management from 1998 to 2006. She has since been appointed by Exxaro as manager of the talent management and staffing centre of expertise, manager of corporate projects and human resources optimisation, and group manager of talent and learning. She is chairperson of Exxaro’s women in mining committee and serves on various other Exxaro subsidiary companies. She is passionate about education and women empowerment as well as integrating work and quality family time.

Alex De Angelis (40)

Executive head: strategy and business transformation
Appointed 1 April 2020
BSc (mechanical engineering)


Skills and experience

Alex has a mechanical engineering background with mining experience across a range of commodities. In his early career, he worked at several platinum and gold mines in South Africa and Australia. He moved into strategy consulting for 13 years, working on large-scale strategy, transformation and innovation projects in a range of companies. Alex joined Exxaro in 2018 and currently leads strategy and business transformation. He is passionate about innovation and learning, following new technology and leadership trends, keeping fit and spending time with his family.

Mongezi Veti (57)

Executive head: sustainability
National higher diploma in metalliferous mining and coal mining, MBL, Advanced management programme (Wharton), mine overseer’s certificate, mine manager’s certificate of competency (fiery mines)

Skills and experience

In the early 1980s, Mongezi worked for AngloGold at Western Deep Levels. He joined Sasol Mining in 1994. In 2002, he became mine manager at Arnot and was appointed general manager of Area 2 at Exxaro soon after the merger. In 2010, he was appointed general manager: safety, health, environment and community. In 2012, he was elected president of the South African Colliery Managers’ Association. Mongezi assumed his current role at Exxaro in 2015.

Johan Meyer (52)

Executive head: projects and technology
BEng (metallurgy), MBA, advanced management programme, Certified director

Skills and experience

Johan started his career in production management at Iscor’s Pretoria steel works. He worked at KZN Sands, headed research and development at Kumba, as part of the leadership team at Mineral Sands (Tronox), BU manager of Zincor and Exxaro corporate office. His current role focuses on delivering coal growth projects of approximately R20 billion and developing integrated Mineral Resource and Mineral Reserve LoM plans. He is passionate about leading people and powering better lives in Africa and beyond.

Mzila Mthenjane (50)

Executive head: stakeholder affairs
Executive head: stakeholder affairs
BSc (mining engineering), senior management development programme (Graduate Institute of Management and Technology), executive development programme (INSEAD)

Skills and experience

Mzila is a mining engineer with combined experience in mining and investment banking of 20 years. This includes seven years in deep-level gold mining at AngloGold Ashanti and Gold Fields in senior mine management and corporate development roles as well as six years in investment banking at Rand Merchant Bank and Deutsche Bank. His knowledge of business sustainability was honed over six years as executive: business sustainability at Royal Bafokeng Holdings and Royal Bafokeng Platinum. He assumed his current role in May 2013. Mzila also serves as the 2019/2020 president of the Southern African Institute of Mining and Metallurgy.

Wim Diedericks (53)

Executive head: strategy and business development
Retirement package

BEng (mining), executive development programme (Darden)

Skills and experience

Wim started his career as an Iscor bursar from 1986 to 1990. He was engineer in training at Thabazimbi in 1992. He went on to Durnacol, Tshikondeni, Sishen, Rosh Pinah, Kumba head office and returned to Thabazimbi. Since Exxaro’s formation, he has held senior leadership positions at KZN Sands, Grootegeluk, Mpumalanga coal commercial region and corporate office. Wim was seconded to Exxaro’s divestment project team on a full-time basis in 2020.

Saret van Loggerenberg (45)

Resigned 19 February 2021

Company secretary
BLC, LLB (cum laude), LLM, certificate in compliance risk management, certificate in mining law, advanced certificate in corporate and securities law

Skills and experience

Saret joined KPMG in 2002, advising clients on the legal aspects of information security, privacy and data protection. As senior manager of the regulatory and compliance services team, she advised clients on compliance programmes and reviews as part of internal and external audit. She joined Exxaro in 2008 as assistant company secretary and became manager: risk and compliance in 2012. Saret is a fellow of the Chartered Governance Institute of Southern Africa (formerly Chartered Secretaries Southern Africa) and a member of the International Institute of Risk and Safety Management.

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ROLES AND RESPONSIBILITIES OF THE EXECUTIVE COMMITTEE

The executive committee assists the CEO by acting for the board in managing the company's business, subject to statutory limitations but enabled by the board's delegation of authority to the CEO and the executive committee. The executive committee, in carrying out its duties, has due regard for the code of governance principles in King IV and the company's MoI.

The board reserves overall responsibility for establishing the business objectives and targets of the company, and for the strategic direction and control of the company's business activities. Between board meetings, the executive committee is authorised, subject to its delegated powers and reporting its significant decisions to the next available board meeting, to take management action it considers necessary to safeguard the company's interests, and to enhance and drive the strategy, business objectives and targets established by the board.

Our executive committee, in the authorities delegated to it by the board, is responsible for, among others:

  • Overseeing the company's financial, operational and sustainable performance
  • Guiding the company in its relations with shareholders and other key stakeholders, including employees, regulators, government, customers, suppliers and the media
  • Developing and recommending group strategy for board approval
  • Reviewing strategic KPIs approved by the board
  • Overseeing implementation of board strategy within the board's risk appetite approach
  • Reviewing the adequacy of reporting arrangements and the effectiveness of internal control and risk management
  • Approving expenditure and other financial commitments specified in the delegation of authority framework
  • Making recommendations to the board, where expenditure and other financial commitments are above the authorities delegated to the executive, seeking necessary approvals
  • Recommending memoranda that require formal recommendation in terms of the delegation of authority framework to board committees and/or the board
  • Loading memoranda to be noted by board committees and/or the board into the digital reading room at least seven working days before the board committee or board meeting to ensure members and standing invitees are familiar with the contents and that the documents are of the required standard
  • Performing other functions determined by the board from time to time
  • Reviewing and approving terms of reference of the coal executive and investment review committees

EXECUTIVE COMMITTEE PERFORMANCE

Executive committee meeting attendance

The executive team held six meetings and eight special meetings in 2020. The high level of attendance is testament to their commitment in managing the business. Attendance is outlined in the table below.

Members Designation Attendance
Mxolisi Mgojo CEO and chairperson 100%
Vanisha Balgobind Executive head: human resources 100%
Wim Diedericks* Executive head: strategy and business development 100%
Riaan Koppeschaar FD 100%
Alex de Angelis** Executive head: strategy and business transformation 100%
Johan Meyer Executive head: projects and technology 91%
Mzila Mthenjane Executive head: stakeholder affairs 100%
Nombasa Tsengwa Executive head: coal operations (managing director: Minerals) 100%
Mongezi Veti Executive head: sustainability 100%
Saret van Loggerenberg Company secretary (ex officio) 91%
* Wim Diedericks was seconded to the divestment project on 1 April 2020.
** Alex de Angelis was appointed an executive member on 1 April 2020.

GROUP COMPANY SECRETARY

Saret van Loggerenberg was appointed group company secretary and legal from 1 October 2017. Following her resignation on 18 February 2021, Karen Maré of Inlexso Proprietary Limited was appointed interim group company secretary. The board recognises the pivotal role that the company secretary plays in the establishment of effective processes and systems to ensure that good corporate governance forms part of the fibre of the organisation and is entrenched in the organisation's culture.

The role and responsibilities of the company secretary and legal are described below.

  • Guides directors collectively and individually in their duties, responsibilities and powers
  • Informs directors of law relevant to the company
  • Reports the company or a director’s non-compliance with the MoI and/or Companies Act
  • Ensures governing body procedures are regularly followed and reviewed
  • Ensures compliance with applicable rules and regulations for conducting the governing body’s affairs
  • Facilitates a programme for induction and ongoing development of directors, including the company’s subsidiary companies
  • Maintains statutory records in accordance with legal requirements
  • Guides the governing body in proper discharge of its responsibilities in the company’s best interests
  • Keeps abreast and informs the board of current and new developments regarding corporate governance thinking and practice
  • Fulfils other functions assigned to the position by the Companies Act and any other legislation


In compliance with paragraph 3.84(i) of the JSE Listings Requirements, an annual evaluation of the incumbent company secretary was conducted in 2020 to consider and satisfy the board of Saret van Loggerenberg's competence, qualifications and experience.

The board was comfortable that she maintained an arm's length relationship with individual directors and that she was neither a director nor a public officer of the company or any of its subsidiaries.