Dr. Nombasa Tsengwa, former Exxaro Resources CEO. Picture: Supplied
Exxaro Resources has announced that Dr Nombasa Tsengwa has resigned from the company in her capacity as the CEO and board member with immediate effect.
This comes after the board placed Tsengwa on precautionary suspension in December 2024 pending the outcome of an independent investigation into allegations related to workplace conduct and governance practice.
An independent investigation against Tsengwa was set to be conducted by a reputable law firm, ENS, with the board saying it took any such allegations and resultant investigations very seriously though it made no presumption as to its conclusion.
It said the company will be guided by the outcome of the investigation before taking the appropriate action, if any.
Exxaro’s finance director, Pieter Adriaan Koppeschaar, was appointed as Acting CEO at the time of Tsengwa’s suspension and will remain in this position until a permanent CEO has been appointed.
Geoffrey Qhena, chairman of Exxaro, said they have accepted Tsengwa’s resignation.
“The board thanks Dr Tsengwa for her years of service and wishes her all the best in her future endeavours. We will initiate an expedited process to identify and appoint a new CEO who will continue to drive growth, excellence, and innovation within our business,” Qhena said.
“The Board and management team will continue to drive Exxaro's strategy of maximising the value of its current assets and continuing its measured and responsible transition into a diversified minerals and renewable energy solutions business that will thrive in a low-carbon future.”
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