Johannesburg, South Africa — MININGREVIEW.COM — 19 January 2012 – Impala Platinum Holdings Limited (Implats) has announced the resignation of David Brown as CEO of the company, and as an executive director of the Board. Brown will step down as CEO with effect from 30 June 2012 in order to pursue his own interests.
Brown joined the Implats board of directors in January 1999 as chief financial officer and was appointed as CEO in 2006. He was instrumental in the development of Implats’ Zimbabwean assets, and was also responsible for securing the Royal Bafokeng Nation as the anchor empowerment partner for the Group, ensuring the development of this partnership to the benefit of all stakeholders.
In addition, he has successfully guided the Group through the difficult business environment of recent years, maintaining a strong balance sheet while ensuring a balance between investment and returns to shareholders.
Board chairman Khotso Mokhele thanked Brown for his valuable contribution to Implats during his tenure as Group CEO saying, “David has played a pivotal role in driving the success of the Group, and the Board wishes him well in his future endeavours.”
The Board has identified a successor and is currently in the process of finalising this appointment. An announcement will be made in due course.