Anglo Platinum Chief Executive Officer Ralph Havenstein has announced he is to leave the company at the end of August.

Mr Havenstein's resignation marks the end of his four-year stewardship of the company.

While the firm seeks a permanent replacement, his role will be filled on an interim-basis by Norman Mbazima, Anglo's Finance Director, and Duncan Wanblad, Director of Projects and Engineering.

Commenting on his decision, Mr Havenstein said: "I believe that I have personally contributed a lot to bringing Angloplat to the point where it is now, but I also believe that Angloplat needs new leadership, with new insights to achieve especially the safety goals."

News of Mr Havenstein's departure comes as the firm today announced that its first-half profit was up 47 per cent.

However, the improved performance was tempered by recent bouts of industrial action and a safety review which have impaired output at Anglo's mining operations.

Sources:

Havenstein quits Anglo Platinum, 30/07/07
http://www.miningweekly.co.za/article.php?a_id=113560

Anglo Platinum CEO to resign end-August, 30/07/07
http://africa.reuters.com/business/news/usnBAN041670.html

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