Wrap Text
Completion of CEO transition at Sibanye-Stillwater and appointment of EVP Business Development
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
("Sibanye-Stillwater","the Company" and/or "the Group")
Website: www.sibanyestillwater.com
Completion of CEO transition at Sibanye-Stillwater and appointment of EVP
Business Development
Johannesburg, 1 October 2025: Sibanye-Stillwater (JSE: SSW and NYSE: SBSW)
is pleased to advise that Richard Stewart has officially assumed the role of
Chief Executive Officer (CEO) of the Group, effective 1 October 2025. Richard
succeeds Neal Froneman, who retired as CEO and executive director on 30
September 2025, following a distinguished 12-year tenure that transformed
the Group into a leading multinational mining and metals processing company.
The Group is also pleased to announce the appointment of Mduduzi (Mdu) Bhulose
as Executive Vice President: Business Development. Mdu joins the Group from
the Public Investment Corporation (PIC), where he most recently served as
the Head of Listed Equities. His appointment will support Sibanye-
Stillwater's continued focus on value creation across our portfolio,
strategic partnerships, and disciplined growth.
Mdu has over 21 years of experience in the investment and mining industries,
having held various roles at the PIC, Anglo American Plc, Rand Merchant Bank
and the Ukhozi Group. He is a qualified mining engineer and holds a BSc in
Mining Engineering and a Graduate Diploma in Engineering (GDE) in Mining from
the University of the Witwatersrand, as well as an MBA from the Gordon
Institute of Business Science.
CEO, Richard Stewart commented, "We extend our sincere thanks to Neal for
his visionary leadership over the last 13 years, and welcome Mdu to Sibanye-
Stillwater, to guide the next part of our journey, as we continue to deliver
superior shared value for all stakeholders.
I also wish to thank Andrew Brady, who has acted as Head of Business
Development since 1 July 2025 and will continue to provide support to Mdu
and his team for the remainder of 2025."
For full biographies of executive members, please refer to
https://www.sibanyestillwater.com/about-us/leadership.
About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals processing group
with a diverse portfolio of operations, projects and investments across five
continents. The Group is also one of the foremost global recyclers of a
suite of metals and has interests in leading mine tailings retreatment
operations.
Sibanye-Stillwater is one of the world's largest primary producers of
platinum, palladium, and rhodium and is a top tier gold producer. It also
produces and refines iridium and ruthenium, nickel, chrome, copper and
cobalt. The Group has also diversified into battery metals mining and
processing and has increased its presence in the circular economy by
growing its recycling and tailings reprocessing exposure globally. For
more information refer to www.sibanyestillwater.com.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
LinkedIn: https://www.linkedin.com/company/sibanye-stillwater
Facebook: https://www.facebook.com/SibanyeStillwater
YouTube: https://www.youtube.com/@sibanyestillwater/videos
X: https://twitter.com/SIBSTILL
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
DISCLAIMER
FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of the
"safe harbour" provisions of the United States Private Securities Litigation Reform
Act of 1995. All statements other than statements of historical fact included in
this presentation may be forward-looking statements. Forward-looking statements may
be identified by the use of words such as "will", "would", "expect", "forecast",
"potential", "may", "could" "believe", "aim", "anticipate", "intend", "target",
"estimate" and words of similar meaning.
These forward-looking statements, including among others, those relating to Sibanye
Stillwater Limited's (Sibanye-Stillwater or the Group) future financial position,
business strategies and other strategic initiatives, business prospects, industry
forecasts, production and operational guidance, climate and ESG-related targets and
metrics, and plans and objectives for future operations, project finance and the
completion or successful integration of acquisitions, are necessarily estimates
reflecting the best judgement of Sibanye-Stillwater's senior management. Readers
are cautioned not to place undue reliance on such statements. Forward-looking
statements involve a number of known and unknown risks, uncertainties and other
factors, many of which are difficult to predict and generally beyond the control of
Sibanye-Stillwater, that could cause its actual results and outcomes to be
materially different from historical results or from any future results expressed
or implied by such forward-looking statements. As a consequence, these forward-
looking statements should be considered in light of various important factors,
including those set forth in Sibanye-Stillwater's 2024 Integrated Report and annual
report on Form 20-F filed with the Securities and Exchange Commission (SEC) on 25
April 2025 (SEC File no. 333-234096). These forward-looking statements speak only
as of the date of this presentation. Sibanye-Stillwater expressly disclaims any
obligation or undertaking to update or revise any forward-looking statement (except
to the extent legally required).
Websites
References in this announcement to information on websites (and/or social media
sites) are included as an aid to their location and such information is not
incorporated in, and does not form part of, this announcement.
Date: 01-10-2025 09:34:00
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