Ivanhoe Mines Ltd. Appoints Iman Naguib to Enhance Board Diversity and Expertise
- Ivanhoe Mines appointed Iman Naguib as an Independent Director to enhance board diversity and expertise.
- Naguib’s extensive experience in corporate finance and mining is expected to support Ivanhoe's strategic growth.
- The board transition reflects Ivanhoe Mines' commitment to inclusive leadership and sustainable growth in the mining sector.
Ivanhoe Mines Enhances Board Diversity with Strategic Appointment
On June 19, 2025, Ivanhoe Mines Ltd. announces the appointment of Iman Naguib as an Independent Director during its Annual General Meeting. This decision reflects the company’s strategic initiative to bolster its Board of Directors with diverse expertise as it continues to establish itself within the mining sector. Naguib brings over two decades of specialized experience in corporate finance, mergers and acquisitions, and asset management across various industries, particularly in mining. Previously, she served as Group Chief Financial Officer and Executive Director at La Mancha Resources, where she played a crucial role in the company’s operations in Africa, Australia, and Argentina. Her extensive background positions her as a key asset for Ivanhoe Mines, which aims to navigate the complexities of the mining industry.
Robert Friedland, Ivanhoe Mines' Founder and Executive Co-Chairman, along with President and CEO Marna Cloete, express strong support for Naguib's addition to the board. They highlight her leadership qualities and comprehensive experience as vital to the company’s ongoing strategic growth. Naguib's past accomplishments include co-founding Karnak Capital and Accelero Capital, where she significantly contributed to landmark transactions, such as the $3.2 billion sale of Mobinil Telecom and the $6.6 billion merger of Orascom with VimpelCom Ltd. Her impressive career trajectory, which includes recognition on the 2015 Choiseul 200 Africa list of top economic leaders under 40, solidifies her capability to provide valuable insights and guidance as Ivanhoe Mines pursues its ambitious objectives.
The board also acknowledges the departure of William Hayden, who chose not to seek re-election. Hayden's tenure is noted for his significant contributions during a transformative period for Ivanhoe Mines, particularly in the exploration of the Northern Bushveld complex, which led to discovering the Platreef platinum-group metals and the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. Friedland expresses gratitude for Hayden's insights and leadership, emphasizing that his legacy will continue to influence the company’s future direction. This leadership transition underscores Ivanhoe Mines' commitment to expanding its Board's capabilities while honoring the contributions of its members.
In addition to the board changes, the appointment of Naguib reflects a broader industry trend toward enhancing diversity in leadership roles within mining. As companies face increasing scrutiny regarding their governance practices, Ivanhoe Mines positions itself as a forward-thinking organization committed to inclusive and sustainable growth. The addition of Naguib is expected to bring fresh perspectives to the board, aligning with the company’s goals of innovation and operational excellence in the competitive mining landscape.