Board of directors

Desmond Sacco Christopher J Cory Alastair D Stalker Bastiaan H van Aswegen Patrick E Sacco

Executive directors

Alternate director

Desmond Sacco
BSc (Hons) (Geology)
Christopher J Cory
Chief Executive Officer
BA, CA(SA), MBA (Wits)
Alastair D Stalker
Group Marketing Director
BSc Hons (Geology) (Aberdeen), GDE
Bastiaan H van Aswegen
Group Technical and Operations Director
BEng (Metallurgy), BCom, MEng
Patrick E Sacco
Deputy managing director, Ore & Metal
BA (Indus. Psych), MA (Marketing)
Des qualified as a geologist and joined the Assore group in 1968. He was appointed to the Assore board in 1974 and, on the retirement of his father, Guido, in 1992, was appointed Chairman and Managing Director. In that year, he was also appointed Deputy Chairman of Assmang Limited and in 1999, he became Chairman of Assmang. He is a fellow of the Institute of Directors (IOD) and of the Geological Society of South Africa (GSSA). Chris completed articles with Alex. Aiken & Carter (now KPMG) and qualified as a chartered accountant in 1982. In 1989, he joined the Assore group as Group Accountant. In 1992, he was appointed Group Financial Director and made Chief Executive Officer in June 2004 when the roles of Chairman and Managing Director were split. He was appointed to the Assmang board as a non-executive director in 1993 and currently chairs the Assmang Audit Committee. He is a member of the South African Institute of Chartered Accountants (SAICA). Alastair, after working as an exploration geologist, and later in strategic planning and marketing for various companies, joined Ore & Metal Company Limited in 1994 and was appointed as Managing Director in 2011. He was appointed as a director of Assmang in 2011 and as Group Marketing Director of Assore in September 2012. He has been on the board of The International Manganese Institute (IMnI) for many years and was Chairman from 2007 to 2010 and is a Fellow of the Geological Society of South Africa. Tiaan obtained a BEng (Metallurgy) from the University of Pretoria (UP) in 1982 and later obtained BCom (Unisa) and MEng (UP) degrees. After working for Iscor and Samancor in production and on projects, he was appointed by Samancor as General Manager of the Palmiet Ferrochrome Operation (Mogale) in 1999. He joined Assore in 2003 as Consulting Metallurgist and is a member of the Assmang Operations Committee. In September 2012 he was appointed Group Technical and Operations Director of Assore and a director of Assmang. Pat joined the Assore group in 2003 after completing a masters’ degree at the University of Colorado (USA). He was appointed a director of Ore & Metal, the selling and marketing agent for all the group’s products, in 2007, and is currently its Deputy Managing Director. Pat was appointed as a director of Assmang in 2008, and is on the board of Oresteel Investments Proprietary Limited, the ultimate holding company of Assore. With effect from 1 July 2007, he was appointed as alternate to Mr Desmond Sacco on the Assore board. He is also an alternate director to Alastair Stalker on the board of the International Manganese Institute (IMnI).


Edward M Southey Robert J Carpenter Sydney Mhlarhi William F Urmson

Non-executive directors

Edward M Southey
Deputy Chairman and lead independent non-executive director

Robert J Carpenter
Non-executive director

Sydney Mhlarhi
Independent non-executive director

BCom, BAcc, CA(SA)
William F Urmson
Independent non-executive director

Ed was admitted as an attorney, notary and conveyancer in 1967 and practiced as a partner of Webber Wentzel until his retirement as senior partner of that firm in 2006. He remains an executive consultant to the firm. He is a former president of the Law Society of the Northern Provinces and of the Law Society of South Africa. He is a director of a number of companies. He joined the Assore board as a non-executive director in January 2009, and was appointed as Deputy Chairman and Lead Independent Director in November 2010. He is the chairman of the group’s Audit and Risk, and Remuneration committees. Bob joined the Ore & Metal Company Limited in 1964 and was appointed as its Managing Director in 1991. Ore & Metal is a wholly owned subsidiary of the Assore group and acts as selling and shipping agent for products produced by all the Assmang and Assore group companies. He was appointed to the Assore board in 1987 and to the Assmang board in 1989. He served as Deputy Chairman of Assore from 1993 until November 2010, when he stood down in this capacity, in anticipation of his retirement as executive director on 28 February 2011, on which date he accepted an appointment as a non-executive director. Sydney qualified as a chartered accountant in 1998 following the completion of his articles at Ernst & Young in 1997. He co-founded Tamela Holdings Proprietary Limited (Tamela) in 2008, which holds investments in various industries. Sydney has held various senior positions in the investment banking sector, including those of divisional director at Standard Bank and chief investment officer of Makalani Holdings Limited, a mezzanine financier which listed on the JSE in 2005. Sydney was appointed to the board on 15 October 2012 and serves on the group’s Audit and Risk Committee. Bill was appointed as an independent non-executive director of Assore in October 2010 and serves on the group’s Audit and Risk and Remuneration committees, and chairs the group’s Social and Ethics Committee. He is a former Deputy Chairman of Ernst & Young and has served the accounting profession as Chairman of the Accounting Practices and Ethics committees of the South African Institute of Chartered Accountants. He is a former Director: Surveillance of the JSE and remains as a part-time consultant to the exchange with responsibility for internal audit.