[miningmx.com] — LAZARUS Zim has resigned as chairperson and non-executive director of Kumba Iron Ore with effect from December 14 2010, the company said in a statement on Wednesday.
“Zim, who has been the non-executive chairman since the company’s listing in November 2006, has notified the board that he is pursuing a business opportunity,
the culmination of which, will lead to a conflict of interest with his position as
non-executive chairman of the company.”
Allen John Morgan, the senior lead independent director has been appointed as the
interim chair, effective Wednesday, the company said.
