Lonmin has appointed its chief financial officer (CFO) Simon Scott as acting chief executive officer (CEO) of the platinum mining company, as it deals with the fallout of a strike at its South African mine. Scott will take over from CEO Ian Farmer, who has commenced a course of medical treatment. The company said in a statement that “it will be some months before he is able to return to work full-time.”
Scott will be supported by the existing team of executive vice presidents (EVPs) and the executive committee, which will continue to include both chairperson Roger Phillimore and chief operating officer (COO) Mahomed Seedat.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.