Lonmin’s Beamish to Become Chairman When Phillimore Exits

Lonmin Plc (LMI) appointed Brian Beamish, a former senior executive of Anglo American Plc (AAL), to replace Roger Phillimore as chairman on May 1.

Beamish, who joined the board of the world’s third-largest platinum producer as an independent non-executive director in November, will serve in an interim capacity until a permanent replacement is found, Lonmin said today in a statement. Phillimore announced his intention to retire last year.

The change in governance follows the appointment of a new chief executive officer in 2013. Ben Magara replaced Ian Farmer as CEO in July, a year after a six-week strike in South Africa escalated into fatal clashes and just months before workers again walked off the job in a dispute over pay.

During his tenure at Anglo American, Beamish’s roles included chief operating officer and CEO of its global base-metals business, before which he worked for Anglo American Platinum Ltd. (AMS), according to today’s statement.

Lonmin’s mines remain idle after the Association of Mineworkers and Construction Union declared a strike over pay in January. Anglo American Platinum and Impala Platinum Holdings Ltd. are also affected by the walkout.

To contact the reporter on this story: Andre Janse van Vuuren in Johannesburg at ajansevanvuu@bloomberg.net

To contact the editors responsible for this story: John Viljoen at jviljoen@bloomberg.net Amanda Jordan, Antony Sguazzin

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