The new ARM CEO has been with the company since 2021, working closely with exiting Mike Schmidt.
African Rainbow Minerals (ARM) has announced the appointment of Phillip Tobias as its new CEO. This comes after Mike Schmidt, who has been the company’s CEO for more than 11 years, stepped down on 1 May.
Philip was identified as Mike’s successor while serving as COO, having worked closely with his predecessor and the rest of the exco in delivering the company’s strategy.
Phillip is a mining engineer with more than 28 years’ experience in the mining industry. Prior to joining ARM in November 2021, he was the COO of business development, corporate strategy and capital projects at Harmony Gold Mining. He has also held various executive positions at mining giants like Anglo American Platinum and Gold Fields.
Executive chairman Patrice Motsepe welcomed Phillip as the new CEO, saying he is “confident that [Phillip] will contribute to the success and global competitiveness of ARM”.
He thanked Mike for his “outstanding” leadership, adding, “We are grateful for his many years of dedicated service.”
Mike has agreed to stay on with ARM as the executive of growth and strategic development.