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Tsengwa resigns as Exxaro CEO

Dr Nombasa Tsengwa

Dr Nombasa Tsengwa

6th February 2025

By: Creamer Media Reporter

     

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Dr Nombasa Tsengwa has resigned as CEO and board member of Exxaro Resources, with immediate effect.

She was placed on a precautionary suspension in December, pending the outcome of an independent investigation into allegations related to workplace conduct and governance practice.

She recently sought to have her suspension overturned through the courts but was unsuccessful.

"We have accepted the resignation of Dr Tsengwa. The board thanks Dr Tsengwa for her years of service and wishes her all the best in her future endeavours. We will initiate an expedited process to identify and appoint a new CEO who will continue to drive growth, excellence, and innovation within our business.

"The board and management team will continue to drive Exxaro's strategy of maximising the value of its current assets and continue its measured and responsible transition into a diversified minerals and renewable energy solutions business that will thrive in a low-carbon future," says Exxaro chairperson Geoffrey Qhena.

FD Riaan Koppeschaar, who was appointed acting CEO in December will remain in the position until a permanent CEO has been appointed.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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