South Africa’s Omnia Holdings Inc., Bryanston, said on June 6 Chairman Rod Humphris has decided to step down as chairman effective immediately, and will retire from the board at the September Annual General Meeting. Ralph Havenstein, who has been the lead independent director, succeeds Humphris as chairman. Havenstein is the former CEO of Anglo American Platinum.
Humphris has been non-independent, non-executive chairman since 2017. He joined Omnia in 1982 and became a member of the board 20 years ago.
Omnia shares slid to a 10-year low on May 31 after the company said it was looking at the issuance of fresh equity to cut debt. In April, the company had said there was no such need.