Ivanhoe Mines promotes Marna Cloete to president


South Africa-born Marna will be taking on the new role along with her role as Ivanhoe Mines' CFO.

Toronto-based Ivanhoe Mines has announced the appointment of Marna Cloete as president of the company as of 11 March. Although she will continue in her current role as CFO, Marna will take over from Tony Giardini, who will leave the mining company after a short transition period. 

Born and bred in South Africa, Marna is a registered CA(SA) and holds a master’s degree in taxation from the University of Pretoria. She started her career in 2002 with PwC in the metals and mining division, with a client base that included Harmony Gold Mining, Palabora Mining and Ingwe Collieries. She joined Group Five in April 2005, where she was responsible for group reporting. In July 2006, Marna joined Ivanhoe Mines and was promoted to CFO in December 2009.

About the appointment, co-chairs Robert Friedland and Yufeng Sun said in a statement: 

“We are truly excited that Marna will lead Ivanhoe Mines at this critical junction as we look to fast-track development at each of our three principal mining projects. She is an extraordinarily talented executive with a strong track record of leadership in finance and team building. Marna has a deep knowledge of our organisation, the African continent and is well regarded by everyone at Ivanhoe and across the mining industry.” 

They added that Tony took on the task of helping the company through a transition following the retirement of its long-time CEO Lars-Eric Johannson and thanked Tony for his help in bridging Ivanhoe from its exploration and development phase to its forthcoming operational phase. 

According to the statement, the company will review the organisational structure under Marna’s leadership with the aim to unlock the “many synergies that exist between the various shareholders and stakeholders”.

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