The board of directors of Kumba is pleased to announce the appointment of Mr Fani Titi as non-executive chairman of Kumba with effect from 1 October 2012.Mr Titi will take over the chairmanship of Kumba from Mr Allen Morgan who has served as the interim chairman since 15 December 2010.Mr Morgan will retain his position as the senior lead independent director of the board of Kumba.
Mr Titi is a non-executive chairman of Investec Bank Limited,and joint chairman of Investec plc and Investec Limited.He is a non-executive director of a number of companies associated with the Investec group.He is also a non-executive director of MTN Group Limited.He was previously non-executive chairman of AECI Limited and deputy chairman of the Bidvest Group Limited.
The Kumba board is confident that there is sufficient depth and experience amongst the board members and Kumba's management team to ensure the continued success of the Company.
