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Thungela Resources Ltd - Rosebank-based coal miner - Formally appoints Chief Executive Officer-Designate Moses Madondo as an executive director. Madondo’s appointment as the CEO-designate took effect on August 1. He is the former CEO of De Beers Group Managed Operations, and replaced July Ndlovu, who stepped down in July this year after reaching the retirement age of 60. Ndlovu had been at the helm since Thungela was formally spun off from Anglo American PLC in June 2021, when he led the coal producer’s listing on both the London and Johannesburg stock exchanges. Thungela comments on Madondo: ‘His appointment to the board marks the next step in the planned leadership transition and further supports his integration into the executive leadership of the company ahead of assuming the role of CEO.’ Current stock price in Johannesburg: R 94.30, down 1.8% 12-month change: down 12% Current stock price in London: 397.73 pence, down 1.8% 12-month change: down 13% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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