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Another Miranda FD resigns

15th April 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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JOHANNESBURG (miningweekly.com) - JSE-listed junior Miranda Minerals on Monday reported the resignation of its financial director – the third in just over a year.

Carina de Beer, who was appointed in October, resigned on April 12, with immediate effect.

Adriaan Botha would fill in as interim CFO until a new FD was appointed.

De Beer replaced Mari-Alet van der Merwe, who resigned in June 2012 after a three-month period.

In March last year, Esther Johnson stepped down as FD after six months. She was brought in as a replacement for Parawut Kobboon, who resigned in January 2012.

Kabboon was among a mass exodus of directors during January last year, which saw Clive Knobbs, Petrus Pienaar, Lulama Mokhobo, Daniel Lian, Gilbert Phalafala and Moses Tshitangano step down from the board within days of each other.

This followed a rocky road for Miranda, which narrowly missed business rescue last year, and saw an upheaval in upper management.

Glen Pof, who was appointed as CEO in March 2011, succeeding Ron Nel, who stepped up as deputy chairperson, resigned in August that same year.

Nel was suspended from the board in September 2011, as he tried to place the company under business rescue.

Andrew Johnson took over as CEO with immediate effect, but resigned in November last year. Executive director Mick Cook, who himself resigned from the company in August 2011, returned to take over as MD in December.

However, the group had since filled the board, many positions immediately after the resignations, and had previously stated that the reconstituted board and management team have made good progress in formulating and implementing a refocused strategy for Miranda.

Lelau Mohaba now leads the board as chairperson, with Peter Cook, Carol Chiloane, Gideon Joubert, Michael John Yates, Jabu Mahlangu and the recently appointed Nhlanhla Madalane as board members.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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