JSE-listed ferrous and non-ferrous alloys supplier Insimbi Holdings has decided that a smaller and more streamlined board will better suit the group, allowing for more effective fulfilment of obligations and governance responsibilities.

In January 2023 the company announced that non-executive director Ingiphile Mogotlane had resigned from the board of directors of the company’s board as a member of the company’s audit and risk committee and as the chairperson of the company’s social, ethics and transformation committee, following the end of her tenure as a representative of a material shareholder of Insimbi. As a result the remuneration and nominations committee of the company reviewed the suitability of the composition and size of the board.

Insimbi has made changes to the board, as well as the audit and risk and social and ethics committees, including reaching an agreement with Christiaan Coombs to step down as an executive director, effective 6 February 2023, but remaining on as CEO of the Amalgamated Metals Recycling business within the group.

As of February 6, the board comprises of Frederick Botha as CEO and executive director, Nadia Winde as CFO and executive director, Robert Dickerson as chairperson and independent non-executive director, Nelson Mwale as non-executive director and Cleopatra Ntshingila as independent non-executive director.

Mwale has also been appointed as a member of the audit and risk committee, alongside the remaining chairperson Ntshingila and Dickerson remaining as a member of the committee, respectively. Dickerson has also been appointed as a member of the social and ethics committee, with Ntshingila remaining chairperson and Winde remaining as a member of the committee.