Impala Platinum CEO David Brown Resigns; Successor Lined Up
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Impala Platinum Holdings Ltd. Chief Executive Officer David Brown will quit with a five-year record of maintaining its share price amid a slump in the metal that carved as much as two-thirds off the valuations of its rivals.
The producer of a quarter of the world’s platinum fell in Johannesburg trading after saying today in a statement Brown, 49, would leave on June 30 “to pursue his own interests.” The board has identified a successor and is completing preparations, Chairman Khotso Mokhele said, without naming the replacement.