De Beers’s Moses Madondo appointed CEO designate of Thungela

Thungela Resources Limited has announced the appointment of Moses Madondo as chief executive officer (CEO) designate, effective 1 August 2025. Madondo will succeed the current CEO, July Ndlovu, who will retire in 2025 upon reaching the company’s retirement age of 60.

Read the Sens announcement here.

The group noted that the appointment follows a thorough selection process to ensure a seamless leadership transition. Ndlovu will remain in his position until the transition is complete.

Moses Madondo. Image: De Beers website

Moses brings over 25 years of mining experience, including his current role as CEO of De Beers Group Managed Operations.

Thungela share price 

In addition to his industry experience, Madondo holds an Executive MBA, a Post Graduate Diploma in Management Practice, and a Bachelor of Science in Mechanical Engineering. He has also served on several divisional boards and as a board member of the Minerals Council of South Africa and Rand Refinery Ltd.

Thungela’s board expressed confidence in Madondo’s appointment: “The board welcomes and looks forward to working with Moses.”

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