COMPANY COMMENT
Mining for a CEO gem getting more difficult
Speaking to the CEO of a listed mining company can be an extraordinary experience
Compared to 20 years ago, when a CEO’s focus was on the primary business of the mining company, that attention had to now be diverted to extraneous matters such as communities, labour issues, regulatory changes and dealing with the Department of Mineral Resources and its various offices, he says. Speaking to the CEO of a listed mining company is an extraordinary experience when the topics of conversation can range from detailed production data to social, environmental and regulatory issues affecting their operations and the broader macroeconomic and global environment in which they operate. A good CEO has these details at their fingertips and can discuss them in depth. This depth of knowledge and experience is a rare commodity and makes finding a new CEO a challenging task for any board wanting to replace a good executive. The list of requirements the Implats board put to applicants to replace Goodlace made clear the calibre of candidate needed to lead the world’s second-largest pla...
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