24th Aug 2012 07:00
Lonmin Plc4 Grosvenor PlaceLondon SW1X 7YLUnited Kingdom
T: +44 (0)20 7201 6000F: +44 (0)20 7201 6100
www.lonmin.com
24 August 2012
Executive Management Update
Ian Farmer, the Chief Executive Officer of Lonmin Plc (Lonmin), has commenced a course of treatment and it will be some months before he is able to return to work full-time.
In light of this, the Board of Lonmin has today appointed Simon Scott, the Chief Financial Officer, as Acting Chief Executive Officer for the time being. Simon will be supported by the existing team of Executive VPs at Lonmin and the Executive Committee, which will continue to include both Roger Phillimore and Mahomed Seedat.
Roger Phillimore, Chairman of Lonmin said: "We are grateful to Simon for assuming these additional responsibilities with the full support of his top team. I have every confidence in his leadership especially at this challenging time."
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ENQUIRIES
Investors / Analysts: | |
Lonmin | |
Tanya Chikanza (Head of Investor Relations) | +44 (0)20 7201 6007 |
Ruli Diseko (Investor Relations Manager) | +27 (0)11 218 8373 |
Media: | |
Cardew Group | |
James Clark (London) Emma Crawshaw (London) Alexandra Stoneham (London) | +44 (0)20 7930 0777 +44 (0)20 7930 0777 +44 (0)20 7930 0777 |
Sue Vey (Johannesburg) | +27 (0)72 644 9777 |
Inzalo Communication (Johannesburg) | |
Gillian Findlay | +27 (0)82-330-1477 |
Notes to editors
About Lonmin:
Lonmin, which is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, is one of the world's largest primary producers of Platinum Group Metals (PGMs). These metals are essential for many industrial applications, especially catalytic converters for internal combustion engine emissions, as well as their widespread use in jewellery.
Lonmin's operations are situated in the Bushveld Complex in South Africa, where nearly 80% of global PGM resources are found.
The Company creates value for shareholders through mining, refining and marketing PGMs and has a vertically integrated operational structure - from mine to market. Lonmin's mining operations extract ore from which the Process Division produces refined PGMs for delivery to customers. Underpinning the operations is the Shared Services function which provides high quality levels of support and infrastructure across the operations.
For further information please visit our website: http://www.lonmin.com
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