Transition of Chief Executive Officer Designate

Summary by AI BETAClose X

Thungela Resources Limited announced that Mr. Moses Madondo, the current Chief Executive Officer (CEO) Designate, will officially take over as CEO on November 1, 2025, assuming full executive responsibilities. Mr. Madondo was appointed as an Executive Director on September 8, 2025, and has been collaborating with the outgoing CEO, Mr. July Ndlovu, to ensure a seamless transition. Mr. Ndlovu will begin a period of 'garden leave' on November 1, 2025, until his retirement on December 31, 2025, at which point he will step down as an Executive Director.

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