Donaco International Limited announced that the Donaco Board is in the final negotiation stages to appoint a new CEO and is working closely with management to ensure continuity of company operations and minimal impact on day-to-day business activities. Mr. Paul Arbuckle's term as interim CEO concluded on 4 August 2020, following an extension of his interim CEO contract. As the Board expects to make an appointment of a permanent CEO imminently, and two executive directors continue to serve the business, no interim CEO will be appointed at this time.