Ben Magara Appointed as New CEO of Exxaro Resources Limited

Ben Magara has been appointed as the new CEO of Exxaro Resources, starting April 1, 2025. He succeeds Riaan Koppeschaar, who will continue as finance director. Magara’s extensive experience in mining and commitment to sustainability aligns with Exxaro’s diversification strategy. The Board expressed unanimous support for his selection and thanks Koppeschaar for his interim leadership.

Bennettor (Ben) Magara has been appointed as the new Chief Executive Officer of Exxaro Resources Limited, effective April 1, 2025. He will succeed the acting CEO, Riaan Koppeschaar, who will remain in his role as finance director. Magara expresses enthusiasm regarding his new role and the opportunity to leverage the company’s strong coal foundation to expand into critical low-carbon minerals, aligning with Exxaro’s diversification strategy.

Magara is recognized for his operational excellence and strategic leadership across major mining operations, including his tenure at Anglo American Coal and his significant work in stabilizing and restructuring Lonmin Plc, leading to its acquisition by Sibanye Stillwater. He holds over 35 years of industry experience in mining and founded the Africa Mining & Metals Group in 2020.

Exxaro’s chairman, Geoffrey Qhena, commended Magara for his extensive leadership and governance experience within the mining sector, emphasizing his integrity. He expressed confidence in Magara’s ability to stabilize and advance the company’s growth and sustainability goals. Additionally, Geraldine Fraser-Moleketi, Exxaro’s lead independent director, highlighted Magara’s strong reputation and teamwork skills, noting unanimous approval from the Board for his appointment.

Qhena also extended thanks to Koppeschaar for his exemplary service as acting CEO, acknowledging his professionalism and impact during his tenure. Koppeschaar will return to his finance director role following Magara’s appointment.

The appointment of Ben Magara as CEO of Exxaro Resources Limited marks a significant leadership transition that aims to further enhance the company’s strategic diversification into low-carbon minerals. His extensive experience and successful track record in the mining industry are expected to promote stability and growth. The recognition of previous acting CEO Riaan Koppeschaar reflects a smooth leadership transition within the organization, setting a positive precedent for future endeavors.

Original Source: www.zawya.com