News24 Business | Exxaro CEO resigns with immediate effect

News24 Business | Exxaro CEO resigns with immediate effect

The suspended CEO has resigned after having received a charge sheet containing “damaging” and “defamatory” accusations.

Exxaro CEO Nombasa Tsengwa resigns

Exxaro CEO Nombasa Tsengwa has resigned

Suspended Exxaro Resources’ CEO steps down amid governance probe

Exxaro Resources has announced the resignation of its CEO, Nombasa Tsengwa, two months after her suspension amid a governance probe.The post Suspended Exxaro Resources’ CEO steps down amid governance probe appeared first on Mining Technology.

Exxaro CEO resigns citing biased investigation

THE suspended CEO of South African coal producer Exxaro Resources resigned over the handling of a probe into allegations over her conduct, according to a report by Bloomberg News on Thursday. Nombasa Tsengwa submitted her resignation in a February 5 letter in which she said questioned the way the investigation was conducted. She said the probe demonstrated that there was “a predetermined outcome, which I refuse to subject myself further to”. The…

Nombasa Tsengwa resigns as governance investigation unfolds in Exxaro

Key PointsExxaro CEO Nombasa Tsengwa resigns amid an ongoing governance probe, following her precautionary suspension in December 2024.Finance Director Pieter Koppeschaar remains Acting CEO as Exxaro focuses on growth, diversification, and its transition to a low-carbon future.Under Tsengwa, Exxaro’s H1 2024 profit fell 37.5% to $268.7 million, driven by a 27% decline in coal earnings.Exxaro Resources, a Gauteng-based mining and resource company…