Wescoal’s Acting CEO Waheed Sulaiman has stepped up from his role as Executive Director, Commercial & Strategy for Wescoal Holdings Limited to take the helm of the group. Previously he was responsible for the development and implementation of the long-term strategies while heading up the risk, compliance and business development portfolios of the mining and trading group.
Prior to his appointment, Sulaiman worked in various roles at BHP Billiton’s South African operations where he oversaw strategy and business development as well as commercial and corporate finance activities.
Wescoal Chairman Robinson Ramaite has welcomed the appointment as part of the transitional period the Group has entered. “The Group’s growth strategy and recent acquisitions have been hugely beneficial contributing substantially to our margins as reflected in our results. In part this success is due to the dynamic team in place and Waheed is expected to make a massive contribution to the business drawing on his wide experience in the industry over the past 12 years.
“We also place high value on the Department of Trade and Industry Codes of Good Practice and the Mining Charter. In these arenas Sulaiman brings extensive experience having played an active role in developing a BEE strategic framework and objectives for BHP Billiton’s South African business units. In fact between 2006 and 2007 he carried the banner of Transformation and Empowerment Champion in the group where he worked.”
Sulaiman was appointed Acting CEO with the resignation of incumbent Andre Boje and sees his immediate thrust as stabilising the group as it moves to implement its long-standing strategies and policies. “I am excited about the prospects of adding value to Wescoal’s growth path and welcome the challenge of heading up an experienced team of professionals,’ he says.
Waheed Sulaiman has a BSc Chemical Engineering (University of Cape Town) (1999) and a BCom (economics and business management majors) (University of South Africa) (2005).
Wescoal Holdings Limited mines, processes, supplies, sells and distributes coal. It is listed on the main board of the JSE and its key strategic thrust is to be a leading junior coal miner with a sustainable resource base and a coal trading operation
Wescoal Holdings Ltd
Waheed Sulaiman (Acting CEO): 011 570 5800
Tel: 072 663 3926
Issued by Mi5 on behalf of Wescoal Holdings