Jubilant Speckman, the group CFO of coal miner and trader Salungano Group, has resigned, citing personal reasons, and will leave in the next six months, the company said in a statement on Thursday.
According to her LinkedIn profile, Speckman studied accounting from 2004-2007 at the University of Pretoria before completing a master's at North-West University in 2015. She started as a trainee accountant at PwC in 2008 and has since worked at BHP Billiton and Wesizwe Platinum, among other firms. She joined Salungano in October 2018 and became group CFO in February 2021.
“The board and management team would like to thank Jubilant for her valued service, considerable contribution and dedication to the company, and wish her well in her future endeavours,” it said.
The company, with a market cap of about R768m, changed its name in April from Wescoal to reflect its more diverse focus and has been eyeing investments in wind and solar. Salungano is the Venda word for heritage and passing on knowledge.
Salungano owns coal mines in Mpumalanga and also operates a coal-trading business. Coal output amounted to a record 4.7-million tonnes in the first half of its 2022 year.
The company’s shares were down 1.64% at R1.80 on Thursday afternoon.
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