ARI - African Rainbow Minerals Limited - Completion of Chief Executive Officer
ARI
ARIM
ARI - African Rainbow Minerals Limited - Completion of Chief Executive Officer
Succession Process
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE share code: ARI
ISIN: ZAE000054045
("ARM" or "the Company")
COMPLETION OF CHIEF EXECUTIVE OFFICER SUCCESSION PROCESS
Further to the announcement made on 28 February 2011 titled "Commencement of
Chief Executive Officer Succession Process" ARM announces the completion of the
process to identify a successor for the current Chief Executive Officer ("CEO")
Andre Wilkens.
After a comprehensive search process, the ARM Board of Directors is pleased to
announce the decision to appoint Michael (Mike) Schmidt, an internal candidate
from the ARM Platinum Division, as the CEO designate from 1 September 2011. He
will thereafter work with Andre Wilkens for a period of six months as part of a
hand over process.
Mike Schmidt will take over as CEO of ARM from March 2012.
Andre Wilkens will continue to be employed as an Executive Director and his
responsibilities will include the growth and strategic development of the
Company. He will be based in the office of the Executive Chairman.
Patrice Motsepe, ARM`s Executive Chairman said, "I am excited to welcome Mike
Schmidt as the new CEO of ARM. Mike has been with ARM for the last four years
and will continue with the internal growth process that is currently underway
and will also lead the African and external growth strategy.
"I would also like to express my deep appreciation and gratitude to Andre
Wilkens for the outstanding leadership that he has provided as CEO of ARM."
For all investor relations queries, please contact:
Jongisa Klaas
Head of Investor Relations and Corporate Development
Office: +27 11 779 1507
Email: jongisa.klaas@arm.co.za
Sandton
23 June 2011
Sponsor to ARM: Deutsche Securities (SA) (Proprietary) Limited
Date: 23/06/2011 11:59:01 Produced by the JSE SENS Department.
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