Board of directors
The Board currently comprises three executive* and six non-executive directors, one of which acts as non-executive Chairman. New candidates are reviewed and selected through a Nomination & Remuneration Committee. Directors are obliged to retire by rotation, and being eligible, offer themselves for re-election every two or three years at our annual general meeting. *Executive nominations are subject to Nomad approval (please refer to recent announcement).
Toi Muganyi holds a BSc (Hons) Mining Engineering Degree from the University of Zimbabwe.
He has more than 20 years metalliferous mining operating experience in Southern Africa including Botswana and Zimbabwe. The metals include gold, PGMs, nickel and copper.
Toi has prior technical and operating experience at Freda Rebecca Gold Mine from 1996 to 2002 and at Bindura Nickel Corporation in 2003. He also obtained mine development, technical and operating experience with Mimosa Platinum from 2004 to 2007.
He later moved to Botswana where he was employed as production manager at Bamangwato Concessions Limited (BCL) and Mining Manager at African Copper Mine from 2007 to 2010. He rejoined Freda Rebecca Gold Mine as General Manager and later appointed Executive Director.
He has gained experience with government and regulatory institutions and local communities in his roles as President of the Chamber of Mines of Zimbabwe, board chair for Fidelity Printers and Refinery and board member of the Freda Rebecca Mine community trust.
Toi is a member of the Southern African Institute of Mining and Metallurgy and a golfer. He is married to Memory and they have two daughters and a son.
Batirai Manhando was promoted to the position of Managing Director of Bindura Nickel Corporation (BNC) in November 2013 after having previously served as BNC Chief Operating Officer for nearly five years.
Batirai holds a Master’s Degree in Business Administration and a BSc (Hons) in Metallurgical Engineering. He has vast experience (in excess of 23 years) in business leadership, operations management, project management and systems development and implementation, acquired within the mining industry.
He previously served in senior positions within the BNC concentrators, the smelter and the refinery, before his appointment as Chief Operating Officer in 2008. He has led teams in the planning and execution of major projects including six-line furnace rebuilds and process upgrades. He is a member of the Southern African Institute of Mining and Metallurgy. Batirai is the current first vice president of the Chamber of Mines of Zimbabwe.
Carla has worked in banking, mining, retail, engineering, manufacturing and other industries over the course of her career that began with her completing her Chartered Accountant qualification at the University of Johannesburg, and her articles at KPMG.
After being promoted to audit manager she left KPMG to join Old Mutual in the passive investment arena, and was involved in the listing of five exchange traded funds tracking emerging market indices on the NYSE. Carla then sidestepped into mining by joining a niche investment house called Umbono Capital in Johannesburg that owned a portfolio of resource projects, and over saw several corporate finance transaction one of which was the listing of Sunbird Energy Ltd, an Australian listed gas company — she then became Chief Financial Officer.
Subsequently she joined Asa Resource Group plc (formerlyMwana Africa plc) to became Group Finance Manager. Carla has had an executive role in all of the companies she has been involved in, as well as overseeing the day-to-day management of the companies, and has a keen understanding of accounting, tax and compliance matters.
Barry was admitted as a solicitor of the Supreme Court in 1971 and granted faculty as a Notary Public in 1984. He has represented public and private quoted and unquoted companies in their national and international business affairs for many years and has a niche practice in international motorsport. As a private investor he has lead several groups of shareholders in battles with listed companies.
David is a highly experienced Zimbabwean geologist who qualified in the USA and is currently Chairman of The Zimbabwe Mining Development Corporation, the state body that plans, coordinates and implements mining development projects on behalf of the government. It’s responsible for prospecting, exploration, mining and mineral beneficiation programs. David also serves as Deputy Chairman of Bindura Nickel Corporation and has been influential in the mining industry in Zimbabwe for many years. He was CEO of the Chamber of Mines of Zimbabwe, the umbrella body concerned with overseeing how the mining industry performs. David is well connected at government level and has extensive corporate experience as well as sitting on a number of boards and professional bodies in Africa.
Dr Scott Morrison has a BSc (Geology) and a PhD (Metallurgical Engineering) and over 35 years experience in the mining, extractive metallurgy, and manufacturing sectors. Much of his career has involved leadership positions with staff complements of between 50 to 5,000 people. He was a board member and retained advisor to the management of Metalor Technologies International SA, a world leader in the refining of precious metals and the manufacturer of a variety of value-added products. He served as chairman of the Board between 2013 and 2015 and as CEO from 2004 to 2013. Scott resigned as a board member of Metalor in December 2015 and was a retained advisor until end of April 2016. He spent 20 years with SGS SA, a world leader in inspection testing and verification, and has had country and mineral/metals sectoral leadership assignments in the USA, Canada, Peru, Bolivia and Ghana.
Scott brings great value to the company with his in-depth experience in leading multi-cultural international organisations.
Scott was appointed as an independent non-executive director at an extraordinary general meeting held on 9 June 2015 and was later confirmed by the Board as senior independent non-executive director. He is also a member of the Audit Committee and Nomination and Remuneration Committee.
Olivier Barbeau is registered as a chartered accountant in South Africa and Mauritius and has extensive advisory and corporate finance experience. He is the managing director of Moore Stephens in Johannesburg, and a member of the National Executive Committee.
Previous executive positions include chief operating officer of BDO South Africa as well as managing partner of the Moore Stephens South African office. Olivier is a member of the Institute of Directors as well as a fellow of the Mauritius Institute of Directors.
Olivier’s extensive experience in the mining sector has seen him initiate, develop and implement merger and acquisition transactions for both listed and unlisted companies across the African continent. His Mauritian interests have equipped him to advise several multinational businesses on their offshore structures and strategies.
Olivier was appointed as a non-executive director at an extraordinary general meeting on 9 June 2015. He is the chairman of the Audit Committee.
Brian Ching Fung Hung is an executive director of Jimei International Entertainment Group Limited and China Bio Cassava Holdings Limited; both companies are listed on the Hong Kong Stock Exchange.
Brian also worked as the financial controller of the Jimei Group and worked previously as an auditor for Deloitte Touche Tohmatsu and Grant Thornton. Brian obtained a Bachelor's Degree in Commerce from Macquarie University in Australia in 2007 and he is a full member of CPA Australia.
Brian’s financial management experience enables him to make a significant contribution to the Board by monitoring and providing oversight to the business activities of the company.
Brian was appointed as a non-executive director on 29 September 2015 at the annual general meeting. He is the chairman of the Nomination and Remuneration Committee and a member of the Audit Committee.
Niall Henry is managing director of ico Design Partners, a London-based media agency. He was appointed to the board with a remit to advise on investor relations and the Group’s corporate communications strategy. Niall is based in London where the Group is listed and is an important representative to the Group’s many UK-based shareholders.
Mr Henry has been familiar with the Group’s operations since 2011. In 2015 he was instrumental in reasserting the Group’s corporate governance and re-initiating measures to protect shareholders’ interests. His independence on the board and the role he plays in engaging with shareholders is well recognised. Niall regularly speaks to investors and analysts; oversees operational announcements and contributes to the various press releases issued throughout the year for the purpose of keeping investors informed about the Group’s progress. He is also active in supporting management with Group’s long-term strategic plans.
Niall Henry was appointed a non-Executive Director at a board meeting on 26 May 2016 and approved by shareholders at the annual general meeting in that year. He was appointed to the Audit Committee in September 2016 and to the Nomination & Remuneration Committe in April 2017.