Xstrata: Peet Nienaber CEO Xstrata Alloys to Retire, Smit Named Acting
20 Julho 2012 - 3:46AM
Dow Jones News
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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