DGSE Companies, Inc. announced that John R. Loftus has been appointed to the positions of Chairman of the Board, President and Chief Executive Officer of DGSE Companies, Inc., effective December 12, 2016. Mr. Loftus replaces Matthew M. Peakes, who resigned from the Board effective December 10, 2016 and will transition into the role of Executive Vice President and Director of Acquisitions. John was selected because of his experience with mergers, acquisitions, and the precious metals industry.

John served as Elemetal, LLC's Chief Executive Officer from 2012 to 2015 and was responsible for its overall operations. He played a key role in the continued development of strategic products to respond to an increasingly demanding marketplace.