Lonmin has announced the appointment of Brian Beamish as chairman, with immediate effect, to shepherd its suite of “exceptional” PGM assets in the wake of the “damaging strike of unprecedented length”, the company said in a statement.

Exceptional assets

“Lonmin holds rights over a suite of exceptional PGM assets, has unmatched technical strengths and good people with the drive and skills to restore the business to profitability,” said Beamish.

“The return to work after a damaging strike of unprecedented length is progressing well.  I will continue to work closely with CEO Ben Magara in leading the board and company through the challenges ahead, creating value for shareholders and all stakeholders.”

Extensive search

Jim Sutcliffe, chairman of the company’s Nomination Committee, said: “I am delighted that Beamish has accepted the role of chairman on a permanent basis.

“After an extensive and exhaustive search process, I am convinced that Beamish was by far the best candidate, and I look forward to supporting him as we develop and implement our plans.”

Sustainable Lonmin

Magara said: “I am delighted by Beamish’s appointment as permanent chairman. We have worked together for four months already, and I believe this is an outstanding appointment for Lonmin. I look forward to continuing to work closely with him in building a robust and sustainable Lonmin.”