Xstrata Alloys CE to retire
Peet Nienaber, the Chief Executive of Xstrata Alloys, has decided to retire for personal and family reasons at the end of September 2012.
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."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published