Business
Appointment of CEO & FD
Appointment of CEO & FD.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \nPan African Resources PLC\n\n(Incorporated and registered in England and Wales under Companies Act 1985 with\nregistered number 3937466 on 25 February 2000)\n\nAIM Code: PAF\n\nJSE Code: PAN\n\nISIN: GB0004300496\n\n(\"Pan African\" or \"the Company\")\n\nAPPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER (\"CEO\") AND FINANCIAL DIRECTOR\n\nPan African shareholders (\"Shareholders\") are advised that the Company has\nappointed Mr Ron Holding, currently Pan African's Interim Joint CEO, as a\ndirector and its CEO with immediate effect. Mr Holding has been intricately\ninvolved with all Pan African's operations since 2009 as Chief Operating\nOfficer, until his appointment as Joint Interim CEO in March this year. Mr\nHolding commenced his mining career in 1973 with Gencor and has since occupied\na number of senior positions, with exposure to the various stages of developing\nand mining mineral deposits. In addition to deep level gold mining, his vast\nexperience includes the mining of platinum, diamonds and copper.\n\nShareholders are further advised that Ms Busi Sitole has resigned as the\nFinancial Director of Pan African with effect from 30 September 2013, in order\nto focus on personal commitments. Mr Cobus Loots will assume the role of\nFinancial Director of the Company from 1 October 2013. Mr Loots, a Pan African\ndirector since 2009, is currently the Managing Director of Shanduka Resources,\nwhich position he will vacate. Mr Loots is a Chartered Accountant (SA) and also\na CFA ® Charterholder. He was also previously the Financial Director of Pan\nAfrican.\n\nKeith Spencer, Chairman of Pan African commented: \"Ron's in-depth knowledge of\nPan African Resources and its operations makes him the ideal fit. His\nexperience positions him to effectively further the Company's strategy of being\na low cost, high margin, precious metals producer, particularly in light of our\norganic growth plans at Evander and Barberton Mines. Cobus has been a board\nmember for many years and the contribution of his expertise as Financial\nDirector will be highly beneficial to Pan African. On behalf of the board, I\nwould like to thank Busi for her contribution to the Company and we wish her\nthe best in her future endeavours and the new addition to her family.\"\n\nJohannesburg\n\n9 September 2013\n\nJSE Sponsor \n \nOne Capital \n\nEnquiries UK \n \nS...