Bushveld Minerals appoints Chief Executive
The Board of Bushveld Minerals has announced the appointment of Craig W. Coltman as Chief Executive. Coltman has vast experience in the mining industry. He served a distinguished 32 years with De Beers Consolidated Mines in operational and commercial roles with his most recent role being that of Chief Financial Officer and as Executive Director. Coltman is also the Chairman of De Beers Pension Fund.
Coltman will become Chief Executive, and join the Board, with effect from 01 July 2023, the date on which Fortune Mojapelo will step down as Chief Executive.
Fortune is a co-founder of Bushveld and has led the business as Chief Executive for more than 11 years. Having helped build the Company from an exploration company to a fully-fledged primary vanadium producer, Fortune and the Board agree it is an opportune time for a leadership transition to steer the Company to its further development.
Fortune will work closely with Coltman during a transitional period in order to facilitate a smooth handover.
Michael Kirkwood, Chairman of Bushveld Minerals stated, “The Board is appreciative of Fortune’s visionary entrepreneurship in building a significant new vanadium business and gives its sincere thanks for his dedicated service over the past years. The Board and the company wish him well in his future endeavours.
“The Board is delighted to have attracted an executive of Craig’s experience and qualities to Bushveld. He is a strategically focused change-leader with a strong track record across multiple disciplines. We look forward to supporting him in realising the embedded value within the Group.”
Coltman commented, “I am excited to join the Bushveld team and to continue working in the mining industry. I am passionate about this industry and its people.”
Fortune expressed, “Co-founding and leading Bushveld Minerals into an integrated vanadium platform that is set to play a key role in the growing vanadium industry has been an immense privilege. While I recognise the challenging circumstances the Company has had to navigate in recent years, my conviction in the potential and future success of this Company remains. To our shareholders and stakeholders, thank you for your trust; and to the team at Bushveld under the leadership of Craig, I wish you the success that all your hard work and the trust of our stakeholders deserves”.
