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RHI Magnesita announces new CFO

Published by , Editorial Assistant
World Cement,

Following CFO and Executive Director Octavio Pereira Lopes’ decision to leave RHI Magnesita earlier this year, the company has concluded its search for a successor.

Ian Botha, current CFO of Anglo American Platinum, will join RHI Magnesita as its new CFO and Finance Director from 1 April 2019. This move comes as RHI and Magnesita begin to finalise their merger, the last steps of which Lopes will focus on delivering in his last months in the job.

“Ian has enjoyed a highly successful international career with Anglo American in the related mining and metals industry, latterly as CFO of Anglo Platinum,” said Stefan Borgas, CEO of RHI Magnesita. “His significant experience in finance and accounting, investor relations, and governance, as well as his excellent business acumen and track record in financial and performance improvements makes him an ideal appointment. Additionally, his fit with RHI Magnesita’s management culture and complementarity with our company’s top leadership team further adds to Ian’s credentials.”

“This appointment reflects RHI Magnesita’s fundamental strengths and exciting prospects in being able to attract someone with Ian’s track record and capabilities,” said Dr Herbert Cordt, Chairman of RHI Magnesita. “Together, Stefan and Ian will be a formidable combination and with my fellow directors I look forward to welcoming Ian to our board.”

RHI Magnesita is the leading global supplier of high-grade refractory products, systems, and services in wide range of industries.

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European cement news UK cement news Cement news 2018