Kumba appoints new CFO

Mr Frikkie Kotzee will be appointed as Chief Financial Officer, effective 1 June 2012 at Kumba Iron Ore Limited.

Kumba Iron Ore Limited today announces the appointment of Frikkie Kotzee as Chief Financial Officer, effective 1 June 2012. Frikkie, who is currently the Group Financial Director of African Oxygen Limited, replaces Vincent Uren, who resigned at the end of December 2011.

Frikkie has worked for Anglo American Platinum as Head of Business Development and Anglo American as General Manager: Corporate Finance. He is a Chartered Accountant, with a CIMA qualification and a B.Com Honours, Accountancy. He also completed his B.Proc (Cum Laude) and LLB. He has developed in-depth commercial and strategic skills across a range of industries, including mining, oil, gas and financial services.

Chris Griffith, Chief Executive Officer of Kumba, said, “We are delighted that Frikkie is joining Kumba. His extensive knowledge and experience make him an ideal fit. With a track record of working across a broad range of sectors, he is a welcome addition to the team and I am looking forward to working with him.”

Chris added, “I would like to thank Martin Poggiolini, our Head of Finance, who has been acting CFO since January 2012, for his assistance and dedication during this period. Martin will continue in this role until June.”