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Miningmx reports that Exxaro Resources has laid out its management succession plan as it transitions from an overwhelming dependence on coal.
Its strategy towards greater exposure to alternative energy business has been spearheaded by the current CEO, Mxolisi Mgojo through subsidiary Cennergi. Mgojo will step down on 31 May 2023 when he reaches the retirement age of 63 and will be replaced by Nombasa Tsengwa, who is the current head of Exxaro’s minerals business and has now been appointed CEO-designate. Tsengwa joined the former Kumba Resources as GM for safety, health and environment in 2003 and became directly involved in operational management from 2010 when she was appointed GM of Exxaro’s tied coal and Mpumalanga operations. She was appointed executive head of coal operations in 2016. Mgojo has remained steadfastly tightlipped so far on the specifics of Cennergi’s strategy and plans in respect of developments in South African alternative energy projects. Cennergi currently owns two wind farms and was consolidated into the group from 1 April 1 last year – after Exxaro bought out partner Tata.
- Read the full original of the report in the above regard by Brendan Ryan at Miningmx
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