LONDON--Xstrata PLC (XTA.LN), said Friday that Peet Nienaber, Chief Executive, Xstrata Alloys, has decided to retire for personal and family reasons, adding that Loutjie Smit will become acting Chief Executive, on an interim basis to ensure business continuity and continue integration planning for the proposed merger with Glencore International PLC (GLEN.LN).

MAIN FACTS:

-Peet Nienaber will retire at the end of September.

-Loutjie Smit is a non-executive director of Xstrata South Africa and chairman of the Audit Committees of Xstrata Nickel and Xstrata Alloys.

-Xstrata PLC shares closed Thursday at 852 pence, valuing the company at GBP25.58 billion.

-Write to Razak Musah Baba at razak.baba@dowjones.com

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