Nombasa Tsengwa Resigns As Governance Investigation Unfolds In Exxaro

Exxaro Resources, a Gauteng-based mining and resource company, has announced the immediate resignation of its CEO, Nombasa Tsengwa, as an independent investigation into governance practices continues.

Tsengwas resignation follows her precautionary suspension in December 2024 amid an independent probe into allegations concerning workplace conduct and governance. The investigation, led by leading law firm ENS, was commissioned to assess the claims thoroughly, with the board emphasizing its commitment to governance integrity and due process.

The board has accepted Dr. Tsengwas resignation and thanks her for her years of service, Exxaro Chairman Geoffrey Qhena said in a statement . We remain committed to identifying a new CEO who will drive growth, innovation, and operational excellence.

Following Tsengwas suspension, Exxaros Finance Director Pieter Adriaan Koppeschaar was appointed Acting CEO and will remain in the role until a permanent successor is named. The company assured stakeholders that it remains steadfast in its strategy of maximizing asset value and expanding its footprint in diversified minerals and renewable energy solutions.

Exxaro, a key player in South Africas resource sector, operates across South Africa, Europe, the Democratic Republic of the Congo, and the United States, with interests spanning coal, titanium dioxide, ferrous metals, and energy. The company has been advancing its transition toward a low-carbon future, aligning with global sustainability trends. Exxaro advances green economy leadership with stronger ESG Ratings .