Acacia Mining’s Chief executive and chief financial officers resigned on Thursday and appointed temporary replacements midst the company’s negotiations to end a long running dispute with the government of Tanzania.
Acacia Chairperson Kevin Dushnisky said the company would fully support its management team while seeking a resolution to the dispute in Tanzania.
“Chief Executive Officer Brad Gordon and the Chief Financial Officer Andrew Wray have resigned, but will remain until the end of the year to ensure a smooth transition”.
In a statement released; the management said, “Gordon will be returning to Australia for family reasons, while Wray is pursuing an opportunity elsewhere,”
According to the firm, Gordon will be replaced by Peter Geleta, the head of organizational effectiveness, as the acting CEO, while Jaco Maritz, the finance general manager, will replace Wray.
“Both appointments will be effective from 1 January 2018,” the firm added.