Peet Nienaber, the Chief Executive of Xstrata Alloys, has decided to retire for personal and family reasons at the end of September 2012.
He has led the business since 2022, which will now be taken over by Acting Chief Executive Loutjie Smit, a non-executive Director of Xstrata South Africa and chairman of the Audit Committees of Xstrata Nickel and Xstrata Alloys.
Mick Davis, Xstrata plc Chief Executive Officer, said: "Peet has built the world's leading integrated ferrochrome business from a standing start over the past 25 years. In his time at Xstrata he has been a valued member of the executive team."
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