Acacia Mining plc announced that Brad Gordon, Chief Executive Officer, and Andrew Wray, Chief Financial Officer, have separately notified the company of their intention to resign from their positions. Both Brad and Andrew will remain with the Company until the end of the year to ensure a smooth transition. Brad will be returning to Australia for family reasons, while Andrew is pursuing an opportunity elsewhere.

Concurrently, the Board announced the appointment of Peter Geleta, currently Acacia's Head of Organisational Effectiveness, as Interim Chief Executive Officer. Jaco Maritz, currently Acacia's General Manager, Finance, will be appointed Chief Financial Officer. Both appointments will be effective from 1 January 2018.

Prior to joining Acacia, Peter held senior roles at AngloGold Ashanti and Barrick Gold Corporation. Jaco has been with Acacia and its predecessor companies since 2001 in a range of increasingly senior finance roles covering all aspects of the finance function. In addition to assuming the role of Interim CEO, Peter will also replace Brad on the Board of Directors at the end of the year.

As a result, the Board will continue to consist of 7 Directors, with 1 Executive Director, 4 independent Non-Executive Directors and 2 Non-Executive Directors.