JOHANNESBURG (miningweekly.com) – Dr Patrice Motsepe, the founder of diversified mining company African Rainbow Minerals (ARM), has retired from his position as executive chairperson and as an employee of the Johannesburg Stock Exchange-listed company with effect from and including February 16.

He will continue to be a director of the company and will serve as the non-executive chairperson of the board in compliance with the stock exchange’s listings requirements.

“I look forward to continue contributing to the global competitiveness of ARM in my new capacity as non-executive chairman,” Motsepe stated in a stock exchange news service announcement.

Jacques van der Bijl has been appointed as ARM’s new COO, also with effect from February 16.

“I have undertaken my new role as non-executive chairman to ensure compliance with the listings requirements. I would also like to welcome Jacques to his new role as chief operating officer of ARM. Jacques is a world-class mining engineer and has been working for ARM for many years. ARM remains committed and focused on creating value for its shareholders and benefitting its stakeholders,” Motsepe added.

David Noko will continue in his role as the company’s lead independent non-executive director, Mining Weekly can report.