Pan African Resources PLC announced that Ron Holding will retire as chief executive officer of the group with effect from March 1, 2015. He will be succeeded as CEO by Cobus Loots, who is currently the finance director of company. The appointment of Cobus as CEO secures the long-term stability and continuity of executive management.

Cobus is very familiar with business and those issues critical to the success thereof. The board of company will announce a group finance director appointment, to replace Mr. Loots, in due course.