CEO Richard Stewart. Image: Sibanye-Stillwater.

Sibanye-Stillwater (JSE: SSW /NYSE: SBSW) said on Wednesday that Richard Stewart has officially assumed the role of chief executive officer (CEO) of the Group, effective Oct. 1. 

Stewart succeeds Neal Froneman, who retired as CEO and executive director on Sept. 30 following a 12-year tenure that transformed the Group into a leading multinational mining and metals processing company. 

Sibanye also announced the appointment of Mduduzi (Mdu) Bhulose as Executive Vice President: Business Development. Bhulose joins the Group from the Public Investment Corporation (PIC), where he most recently served as the Head of Listed Equities. 

Bhulose has over 21 years of experience in the investment and mining industries, having held various roles at the PIC, Anglo American Plc, Rand Merchant Bank and the Ukhozi Group. He is a qualified mining engineer and holds a BSc in Mining Engineering and a Graduate Diploma in Engineering (GDE) in Mining from the University of the Witwatersrand, as well as an MBA from the Gordon Institute of Business Science.

“We extend our sincere thanks to Neal for his visionary leadership over the last 13 years, and welcome Mdu to Sibanye-Stillwater, to guide the next part of our journey, as we continue to deliver superior shared value for all stakeholders,” CEO Richard Stewart said in a news release.