Chrometco Limited: Chairman Resigns, Acting Chairman Appointed Amid Board Changes

Chromrtco chairman resigns
  • Bhekokuhle (Bheki) Sibiya resigns as Chairman of Chrometco Limited and the Board of Directors.
  • Louis Jordaan appointed as acting Chairman of Chrometco Limited.
  • Shareholders will be informed of the appointment of a permanent Chairman in due course.

Chrometco Limited, a leading mining company incorporated in the Republic of South Africa and listed on the JSE Limited, has recently undergone significant changes to its board of directors. In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the company officially announced the resignation of Bhekokuhle (Bheki) Sibiya, an independent non-executive director, and Chairman of the Board, effective from May 24, 2023.

The departure of Sibiya, who had played a pivotal role in the company’s leadership, marks a transition for Chrometco Limited. The Board expressed its gratitude for Sibiya’s valuable contributions to the company and extended their best wishes for his future endeavors. Chrometco Limited remains focused on maintaining stability during this period of change and is confident in its ability to navigate the transition seamlessly.

To fill the vacant position, Chrometco Limited has appointed Louis Jordaan, an independent non-executive director, as the acting chairman of the company, effective from May 25, 2023. Jordaan, who brings a wealth of experience to the role, has already been an active participant in the company’s affairs and is well-positioned to lead the Board during this interim period.

While Jordaan assumes the responsibilities of acting chairman, Chrometco Limited is actively seeking a permanent Chairman. The company reassured its shareholders that they will be promptly informed of the appointment once it has been finalized. Chrometco Limited remains committed to ensuring a smooth transition in leadership and maintaining strong corporate governance practices.

Chrometco Limited, a renowned mining company primarily engaged in the exploration and development of chrome and other mineral resources, has consistently delivered long-term value to its shareholders. The company’s operations are expected to continue without interruption, with Jordaan overseeing the Board’s activities during this transitional phase.

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