Kumba announces appointment of new CFO

Kumba Iron Ore Limited today announces the appointment of Mr Bothwell Mazarura as Chief Financial Officer and Executive Director, effective 1 September 2017.

Bothwell holds a Bachelor of Accounting Science Degree from the University of South Africa and is an accredited Chartered Accountant in three jurisdictions – England and Wales, South Africa and Zimbabwe.

Mr Mazarura currently serves as Chief Financial Officer and Executive Director at Wescoal Holdings Limited, a position he has held since July 2016. He previously held various senior financial roles at Lonmin Plc since 2010. These include Group Head of Finance, Head of Treasury and Acting Chief Financial Officer. Prior to Lonmin Plc, he held a positon as a Partner at Deloitte & Touche since 2002. During his tenure at Deloitte & Touche he also spent some time working in the United Kingdom.

Themba Mkhwanazi, CEO of Kumba, said, “We are delighted that Bothwell has agreed to join Kumba. His extensive knowledge and experience make him an ideal fit. With a track record of working across a broad range of sectors, he is a welcome addition to the team and I look forward to working with him."

Themba added, “I would like to thank Johan Prins, our head of finance, who has been acting CFO since 11 May 2017, for his assistance and dedication during this period. Johan will continue in this role until 31 August 2017.”