Ben Magara has been appointed as Exxaro Resources’ CEO effective 1 April 2025, succeeding acting CEO Riaan Koppeschaar. Magara aims to leverage Exxaro’s coal foundation to expand into low-carbon minerals. A mining veteran with over 35 years of experience, he brings a wealth of industry knowledge and leadership. His appointment was unanimously supported by the Board, and Koppeschaar will revert to the role of finance director.
Bennetor (Ben) Magara has been appointed as the new chief executive officer of Exxaro Resources Limited, effective 1 April 2025. He will succeed acting CEO Riaan Koppeschaar, who will continue to serve as finance director within the company. Magara expressed his enthusiasm for the opportunity, stating that he aims to leverage Exxaro’s strong coal foundation to expand its portfolio toward essential low-carbon minerals, aligning with the company’s diversification strategy.
A veteran in the mining industry, Magara has over 35 years of experience in both soft and hard rock mining, with a notable tenure at Anglo American Coal. His recent achievement includes the successful stabilization and turnaround of Lonmin Plc, culminating in its acquisition by Sibanye Stillwater, which resulted in the formation of the world’s largest PGM producer. Magara founded Africa Mining & Metals Group (AMMG) in 2020, focusing on battery and precious metals.
Exxaro chairman Geoffrey Qhena commended Magara’s extensive leadership experience and reputation for integrity, expressing confidence in his ability to steer the organization towards growth and sustainability. Magara’s engineering background and leadership as both a mine manager and a corporate leader are seen as vital assets for Exxaro’s strategy to enhance value while transitioning into diversified minerals and renewable energy solutions.
Geraldine Fraser-Moleketi, Exxaro’s lead independent director, remarked on Magara’s respected standing in the industry, emphasizing his people skills and collaborative approach. She noted that his appointment received unanimous support from the Board, highlighting his readiness to lead the company effectively.
Acknowledging the contributions of Riaan Koppeschaar, Qhena expressed gratitude for his role as acting CEO, emphasizing his professionalism and impact during his tenure. Koppeschaar will return to his responsibilities as finance director.
In summary, Bennetor (Ben) Magara’s appointment as CEO of Exxaro Resources Limited marks a significant transition for the company as it aims to diversify and expand its mineral portfolio. With extensive industry experience and a focus on sustainability, he is well-equipped to lead Exxaro into a future centered around low-carbon minerals and renewable energy solutions. The Board’s acknowledgment of the contributions of the acting CEO, Riaan Koppeschaar, underscores a smooth leadership transition within the organization.
Original Source: www.zawya.com
