Assore Annual Report 2008

Board of directors

EXECUTIVE DIRECTORS



DESMOND SACCO	R J CARPENTER
Chairman	Deputy Chairman
BSc (Hons) (Geology) (Wits) (Unisa)	BA, ACIS

Des qualified as a geologist and joined the Assore group in 1968.	Bob joined the Ore & Metal Company Limited in 1964 and was
He was appointed to the Assore board in 1974 and, on retirement	appointed Managing Director in 1991. Ore & Metal is a wholly owned
of his father in 1992, he was appointed Chairman and Managing	subsidiary of the Assore group and is marketing and shipping agent
Director. In that year, he was also appointed Deputy Chairman of	for all products produced by Assore and Assmang group companies.
Assmang Limited and in 1999, he became Chairman of Assmang.	He was appointed to the Assore board in 1987, to the Assmang
He is a fellow of the Institute of Directors (IOD) and of the	Board in 1989 and was made Deputy Chairman of Assore in 1993.
Geological Society of South Africa (GSSA).
	P C CROUS
C J CORY	Group Technical Director
Chief Executive Officer	BSc (Eng), BComm, MBA
BA, CA(SA), MBA (Wits)

Chris completed articles with Alex.Aiken & Carter (now KPMG)	Phil trained as a mining engineer obtaining a BSc (Eng) at Pretoria
and qualified as a Chartered Accountant in 1982. In 1989 he	University in 1975. Thereafter he joined Iscor, and in 1977 he took
joined the Assore group as Group Accountant. In 1992 he was	up a position with Assmang where he advanced to Mine Manager.
appointed Group Financial Director and made Chief Executive	In 1982 he joined Sasol as General Mine Manager and was subsequently
Officer in June 2004 when the roles of Assore Chairman and	promoted to Operations Manager at Secunda Collieries, responsible
Managing Director were separated. He was appointed to the	for four mechanised mines. In 1988 he joined manufacturing company
Assmang Board as a non-executive director in 1993 and	Sandock-Austral as Managing Director. In 1991 he was invited to join
currently chairs the Assmang Audit Committee. He is a member	Assore in his current position as Group Technical Director and was
of the South African Institute of Chartered Accountants (SAICA).	appointed to the Assmang Board in 1992. He is a member of the South
	African Institute of Mining and Metallurgy (SAIMM) and the Institute of
	Directors (IOD).

NON-EXECUTIVE DIRECTORS



P N BOYNTON	M C RAMAPHOSA
Non-executive director	Non-executive director
BSc (Hons), BComm, CA(SA), ACMA, MBA	BProc

Paul joined Old Mutual’s investment team in 1995, having	Cyril is executive chairman of Shanduka Group, a black-owned and
previously worked as an investment banker in Johannesburg	managed investment company. He is joint non-executive chairman
for seven years and before that for Deloitte for three years. He	of Mondi Group and non-executive chairman of the MTN Group Limited,
is currently head of Alternative Asset Management at Old Mutual	the Bidvest Group and SASRIA Limited. His other directorships include
and an executive director of Old Mutual Investment Group	SAB Miller, Macsteel,Alexander Forbes and Standard Bank.
South Africa. He joined the Assore board as a non-executive
director in July 2004 and served until 27 August 2008 on the	He is a member of the Commonwealth Business Council and Vice-
group’s Audit Committee.	Chairman of the Global Business Coalition on HIV/AIDS,Tuberculosis
	and Malaria (GBC). He was general secretary of NUM in the 1980s.
B M HAWKSWORTH	Cyril, as Secretary General of the African National Congress (the ANC)
Independent non-executive director	from 1991 – 1994 led the party in the negotiations that resulted in South
CA(SA)	Africa’s first democratic elections in 1994. After chairing the constitutional
	assembly, he left politics for business in 1997. He is the former chairman
Brian qualified as a Chartered Accountant in Durban and relocated	of the Black Economic Empowerment Commission (1998 – 2001). Cyril, a
to Johannesburg in 1973 as a partner in Ernst & Young. Since	qualified lawyer, remains a member of the ANC and its national executive
withdrawing as a partner of Ernst & Young he has held several	committee.
non-executive directorships including the Financial Services Board
(the FSB). He was appointed to the Assore board as an	DR J C VAN DER HORST
independent non-executive director in 1996 and currently chairs	Independent non-executive director
the Assore Audit and Remuneration Committees. He is a member	BA, LLD
of the South African Institute of Chartered Accountants (SAICA)
and was a past member of its Council and Executive Committee	Johannes studied at the Universities of Stellenbosch and Hamburg
and is also a fellow of the Institute of Directors which he chaired	(Germany) and the Harvard Business School. He held various positions in
in the early 1990s.	Old Mutual from 1971 to 2002 including General Manager (Investments)
	from 1985 to 1997. In September 1997, he was appointed to head up
	Old Mutual’s demutualisation project which culminated in the listing of
	Old Mutual on the London Stock Exchange and the JSE Limited in
	July 1999. He served on the Assore board between 1989 and 1997, and
	again since January 2003 when he was appointed as an independent
	non-executive director and serves on the group’s Audit and Remuneration
	Committees. He is also on the boards of Reunert Limited and Wooltru
	Limited.

Board of directors

EXECUTIVE DIRECTORS

DESMOND SACCO

R J CARPENTER

P C CROUS

C J CORY

NON-EXECUTIVE DIRECTORS

M C RAMAPHOSA

B M HAWKSWORTH

DR J C VAN DER HORST