The Rössing Uranium Board of Directors has elected to appoint Mr Johannes !Gawaxab, as a Director and Chairman of Rössing with effect of 1 September 2014.

This follows the retirement of Rehabeam Hoveka, Chairman of the Rössing Board since 1 April 2008.

Mr !Gawaxab has a successful track record in the business industry and has worked across various functions and jurisdictions, which include Finance, Commercial, Planning, Strategy and Operations in Namibia, the UK / Ireland, South Africa, Ghana, Kenya, Zimbabwe and Malawi.

Since 2006 Mr !Gawaxab has held the position of MD Africa Operations of Old Mutual. Prior to this he was the CEO of Old Mutual Namibia, CEO of Old Mutual Asset Managers Namibia and CEO of Old Mutual Employee Benefits Namibia. Before joining Old Mutual, Mr !Gawaxab held the position of General Manager of Air Namibia.

He serves as Chairman of the national oil company of Namibia, NAMCOR, and on the Board of Ohorongo Cement. He chairs the Board of Old Mutual in Kenia, Nigeria and Zimbabwe and serves on the board of Old Mutual Namibia.

Rössing's Managing Director, Werner Duvenhage, welcomes Johannes !Gawaxab as the Company's new Director and Chairman: "On behalf of Rössing Uranium's employees and shareholders I welcome Mr !Gawaxab and know that his wealth of business knowledge and experience will lead the Company to new heights in the current challenging uranium market conditions."

"I would like to extend our sincere thanks and appreciation to Rehabeam Hoveka for his in-depth knowledge and experience of our operations that he brought to the boardroom since 2008. Prior to his chairmanship of the Board, he had a long career at Rössing that started in 1986."

"His guidance and leadership have been particularly valuable as Rössing expanded its business during strong uranium price and later weathered our operations against the declining uranium price."

 

Regards

Melissa Shanjengange
General Manager Organisational Resources
Rössing Uranium Limited