“[Phillimore] has been a great pillar of support for me since my arrival at Lonmin, and I will always be grateful for the support and wise counsel he invariably provides,” said Lonmin CEO Ben Magara in a company statement.
[DATA LON:Lonmin] is a platinum mining company based in South Africa, and is also one of the world’s largest primary producers of platinum group metals.
Phillimore, who is also the chairman of the South African mining company, will retire at the close of business on 30 April 2014, and will be replaced by Brian Beamish, an independent non-executive director.
Beamish joined the board in November 2013, and will now assume the role of interim chairman of the board of directors.
“I am pleased that my successor is such an experienced and able leader. [Phillimore] has a deep knowledge of the South African mining industry and has already made a significant contribution during his short time on the board,” said Phillimore.
Beamish had previously spent 36 years with the Anglo American Group, where he held various roles including chief operating officer and subsequently CEO of its global base metals business, before which he gained extensive experience with Anglo American Platinum.
More recently he served as a non-executive director of DeBeers and as a non-executive director of Anglo American Platinum.
“I have known [Beamish] for many years, and have the greatest respect for him personally and for his considerable knowledge of the challenges facing the platinum mining industry. He is somebody I know I can work with in achieving our objectives in the years ahead,” said Lonmin CEO Ben Magara.