The Carrick Foundation
Rick Menell has had a 35 year career in the mining industry. Following work in North America as a geologist and as an investment banker with JP Morgan (NY), and in Australia with JP Morgan and gold junior Delta Gold (now part of Barrick), he returned to South Africa in 1991 and joined mining house Anglovaal where he became CEO in 1996 and Executive Chairman in 2002. Following the merger in 2004 to form ARM, one of the largest black-owned mining companies in South Africa, he continued as Deputy Chairman of ARM and of associate Harmony Gold and as CEO and President of subsidiary Teal Exploration & Mining Inc until his retirement from the group in 2008. During his time with Anglovaal he served as Chairman of Avgold from its founding in 1996 until its sale to Harmony in 2004, and as Deputy Chairman of Associated Manganese Mines from 1996-2005.
Mr Menell has served in a range of other organisations: he was a non-executive director of Standard Bank Group 1997-2011, Mutual&Federal Insurance 1997-2010, Telkom SA 2000-2004 and was Chairman of Bateman Engineering 2005-2008, Chairman of the South African Tourism Board 2000-2006 (SA Cabinet appointment), and President of the SA Chamber of Mines 1999-2001. He was cofounder and a director 1999-2012 of the Business Trust (Gvmt Business development partnership), and serves today on the boards of several NGOs and foundations active in the youth development and education sectors. He is currently Chairman of the Tourism Enterprise Partnership, a leading small business development agency funded by a public-private partnership. He has been appointed to advisory bodies of the WTO and the IOM (International Organisation on Migration), both based in Geneva, and was a Mining Governor of the World Economic Forum 1998-2009.
In Feb 2011, Mr Menell joined Credit Suisse as a Senior Advisor and currently serves as a non-executive director of Gold Fields, The Weir Group (UK) and as a member of the Council of Business Leadership South Africa. Credit Suisse relies on his extensive network throughout the public and private sectors in Southern Africa and his experience in a broad range of corporate transactions, particularly those related to Black Economic Empowerment in South Africa.
Education: MA (Cantab), MSc (Stanford)