Harmony Gold Appoints Beyers Nel as New CEO for New Horizons

Harmony Gold, South Africa's largest gold producer, appoints Beyers Nel as its new CEO, effective January 1, 2025, succeeding Peter Steenkamp. Nel, with the company since 2003, will transition from COO to CEO. Floyd Masemula will assume the role of deputy CEO with the same effective date.

Harmony Gold, the leading gold producer in South Africa, announced on Thursday that it has appointed Beyers Nel as its new Chief Executive Officer effective January 1, 2025. Nel, who has been with the company since 2003 and currently serves as the Group Chief Operating Officer, will succeed Peter Steenkamp, who is set to retire at the end of the year.

In addition to Nel's promotion, the company has named Floyd Masemula as the Deputy Group Chief Executive Officer, commencing his role on the same date, January 1, 2025. These strategic leadership changes are part of Harmony Gold's ongoing efforts to strengthen its executive team and drive future growth.

Harmony Gold, which is not only the largest gold producer in the country but also boasts significant assets in Papua New Guinea and Australia, is diversifying its portfolio to include key decarbonisation metals such as copper, reflecting its commitment to expanding its reach and sustainability efforts in the mining industry.

(With inputs from agencies.)