JOHANNESBURG (Dow Jones)--The board of South African gold producer Durban Roodepoort Deep Ltd. (DROOY) announced today (19 December 2003) that, with immediate effect, the roles of chairman and chief executive officer have been split and an independent senior non-executive director has been appointed.
Ian Murray, formerly deputy CEO, has become CEO, and will retain responsibility for the financial function.
Geoff Campbell, currently a non-executive director, becomes the senior independent non-executive director and will be responsible for effective corporate governance between the board, the executive and external stakeholders.
Mark Wellesley-Wood remains as executive chairman and will retain responsibility for all operations as well as for the board.
Commenting on these changes, Wellesley-Wood said: "Our business is still evolving and these changes serve to provide the stability and certainty in execution necessary for future growth. Ian Murray and I have worked well together over the last three years and I am confident that, with our strengthened management team, DRD's continued growth is assured."
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