Board of directors

board1

 

Desmond Sacco

Chairman
BA, CA(SA), MBA (Wits)

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).

Christopher J Cory

Chief Executive Officer
BA, CA(SA), MBA (Wits)

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 D Stalker

Group Marketing Director
BSc Hons (Geology) (Aberdeen), GDE

Alastair, after working as an exploration geologist, and later in strategic planning and marketing for various companies, joined wholly owned subsidiary 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 is a member of the Assmang Operations Committee. He assumed the role of Group Marketing Director of Assore in September 2012 and has also been Chairman of Cato Ridge Alloys Proprietary Limited since then. 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.

Bastiaan H van Aswegen

Group Technical and Operations Director
BEng (Metallurgy), BCom, MEng

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. In June 2014, he was appointed as Chairman of Assmang subsidiary, Sakura Ferroalloys Sdn.Bhd, Malaysia.

Edward M Southey

Deputy Chairman and lead independent non-executive director
BA, LLB

Ed was admitted as an attorney, notary and conveyancer in 1967 and practised 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 Association of Law Societies of South Africa and is a director of a number of companies. He joined the Assore board as a nonexecutive 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.

board2

 

Patrick E Sacco

Alternate director
BA (Indus Psych), MA (Marketing)

Pat joined the Assore group in 2003 after completing a master’s 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).

Sydney Mhlarhi

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

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.

Ipeleng N Mkhari

Independent non-executive director
BA (Social Science)

Ipeleng is the founder and CEO of Motseng Investment Holdings, which is a diversified investment holdings group and is the co-founder of the Delta Property Fund, which is listed on the JSE. She is a nonexecutive director of KAP Industrial Holdings, Nampak and South African Property Owners Association (SAPOA) and was appointed to the board with effect from 2 February 2015. In 2007, she received the Archbishop Tutu Fellow award from the African Leadership Institute.

William F Urmson

Independent non-executive director
CA(SA)

Bill was appointed as an independent non-executive director in October 2010 and chairs the group’s Social and Ethics Committee. He also serves on the group’s Audit and Risk and Remuneration committees. 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 consulted to the exchange on a part-time basis until December 2013.

Thandeka N Mgoduso

Independent non-executive director
BA, MA (Clinical Psychology)

Thandeka is a clinical psychologist and obtained her qualifications at the universities of Fort Hare and the Witwatersrand. While in commerce, she held various leadership positions in operations as well as in human resources and currently consults in strategy and human resources. She chairs her company, Jojose Investments and holds non-executive directorships on the boards of the South African Reserve Bank, Tongaat Hulett and Air Traffic Navigation Services. She was appointed to the board with effect from 2 February 2015 and to the Social and Ethics Committee on 1 October 2015.