Johannesburg, South Africa. 17 August 2021 DRDGOLD Limited (DRDGOLD, JSE, NYSE: DRD) has appointed Timothy Cumming, a non-executive director of the Company, as chairman of the Board of directors and the nominations committee with effect from 1 December 2021. He is also an independent non-executive director of Sibanye-Stillwater.
Current chairman Geoff Campbell resigned as director and chair of the Board on 26 January 2021 with effect from 1 December 2021.
In line with good corporate governance in accordance with the recommendations of the King IV Report on Corporate Governance for South Africa 2016, Edmund Jeneker will remain as the lead independent director of the Company.
Timothy (Tim) Cumming was appointed to the DRDGOLD Board in July 2020. He is also an independent non-executive director of Sibanye-Stillwater Limited and Nedgroup Investments Limited and serves as non-executive Chairman of Riscura Holdings Limited.
His career spans mining, financial services and consulting. He is the founder of Scatterlinks Proprietary Limited, a South African-based company providing leadership development and advisory services to senior business executives.
Tim started out as an engineer at the Anglo American Corporation of South Africa Limited working on a number of gold and diamond mines including involvement in the geo-technical design of the Ergo tailings dam. Thereafter he held senior roles in financial services including General Manager at Allan Gray Limited, Head of Investment Research at HSBC Securities (SA), CEO of Old Mutual Asset Managers and MD of various divisions within the Old Mutual Group.
Other involvements include Chairmanship of the Mandela Rhodes Foundation’s Investment Committee and the Woodside Endowment Trust and membership of the Greenpop advisory board (a social enterprise committed to restoring ecosystems and sustainable development).
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Jane Kamau Appiah-Yeboah