Jubilee appoints new CFO, strategic and operational executive team

Jubile Metals CEO Leon Coetzer

Jubile Metals CEO Leon Coetzer

14th August 2023

By: Cameron Mackay

Creamer Media Senior Online Writer


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Metals processing company Jubilee Metals announced it has expanded its executive leadership team in support of its growth strategy.

This comes with the appointment of Neal Reynolds as CFO, effective October 1, as well as Ricus Grimbeek, who will be leading Jubilee’s expansion drive into energy metals with a specific focus on the roll-out of the company’s Zambian Copper Strategy.

Reynolds is a chartered accountant (South Africa) with a postgraduate qualification in leadership development.  He holds more than 14 years of experience in mostly Africa-focused mining and metals operations. 

Reynolds was most recently COO at established copper and cobalt producer Chemaf in the Democratic Republic of the Congo. He began his career at professional services network Deloitte & Touche and in 2009 moved to gold producer Pan African Resources. 

In 2019, he was appointed CFO of Mopani Copper Mines, and later became CFO of copper miner Glencore Copper Africa.

Jubilee Metals acting CFO Pedja Kovacevic will continue in his role as chief of strategy and advisory once Reynolds has joined the company.

Grimbeek is a mining engineer and has more than 30 years of experience in the mining industry, holding various executive management and technical roles with global mining houses.

He has managed numerous operations and the implementation of projects across various mining jurisdictions. He is also a board member of Makor Resources, which focuses on the formalisation of small-scale and artisanal miners in Africa.

In addition to the appointment of the CFO, Jubilee has expanded its executive and senior leadership team to coincide with the expansion of the company’s operations and strategic focus.

The new structure entails the formation of a strategic executive committee, comprising five members including CEO Leon Coetzer, along with the chief of operations, chief of strategy and advisory, chief of energy metals and the CFO.

Reporting to them will be an operational executive committee, made up of the various country heads, the heads of technical, projects and human resources, as well as finance.

“I am pleased to welcome Reynolds to this important role at Jubilee and look forward to working closely with him as we continue to build capacity and grow our footprint in Zambia and investigate new opportunities in South Africa. As an accomplished mining executive with over 14 years of experience, we are delighted to have attracted someone of his calibre,” enthuses Coetzer. 

“Additionally, I am delighted to welcome Grimbeek to the Jubilee Metals team and believe that, with more than 30 years of experience in various management and technical roles, he will make an invaluable contribution to the team and will assist in achieving our goal of rapid growth and expansion specifically in Zambia.

“I am equally pleased to be announcing the new executive structure within the Grou,p which I am confident provides the organisational capacity to support our ambitious growth strategy, both in South Africa and Zambia,” says Coetzer.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online



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