COMPANIES
Harmony loses top directors
Posted Wed, 07 Dec 2005
Harmony Gold announced on Tuesday the resignation of two of its directors.
Ferdi Dippenaar and Rick Menell will pursue their future careers as chief executive officers of junior mining companies, Harmony said.
Dippenaar joined Harmony in 1998 and served the company in many roles, most recently as Marketing Director.
Dippenaar leaves Harmony at the end of December 2005 to take up the position of CEO of Great Basin Gold, a junior Toronto listed gold exploration and mining company.
Harmony CEO Bernard Swanepoel commented: "As sad as it is to lose one of our best, we are proud of Ferdi and know that he will make a great success of his new challenge.
"We pride ourselves in Harmony on our people and Ferdi is truly export quality. He moves on with the best wishes of the board and all of his friends at Harmony."
During the last few months Dippenaar handed over Investor Relations to Philip Kotze and as
such no new appointment needs to be made due to his departure.
Menell steps down from Harmony's board as a non-executive director in order to spend most of his time on his new role as CEO of Teal, a junior Toronto listed exploration company.
Menell joined Harmony's board in 2004 with Harmony's acquisition of Avgold. He was elected deputy chairperson and served in that role until his resignation.
Harmony chairperson Patrice Motsepe commented: "On behalf of the board, I wish to thank Rick for his loyal support as my deputy and we all wish him well for the future."
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