RAPAPORT... Varda Shine, the former CEO of the De Beers Trading Company, was appointed as an independent non-executive director of Lonmin Plc, a platinum metals group miner. Shine, 51, left De Beers in February 2014 and took her position on Lonmin's board before the end of February 2015. Her appointment was part of a broader shake-up in the London-based miner's management team and board. In the past few weeks, Lonmin's chief operating office, Johan Viljoen, and two non-executive board members resigned or retired from the company.
"I am delighted to welcome Varda to our board," said Brian Beamish, the chairman of Lonmin. "She brings with her considerable experience at a strategic and commercial level within the mining industry, particularly in the southern African region. I have no doubt at all that Varda will make a significant contribution to Lonmin."
Shine is not the only executive on Lonmin's board to have previously worked for Anglo American. Lonmin's CEO, Ben Magara, stepped into his current position after serving 26 years with Anglo American, primarily in South Africa.
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