ACACIA'S Chief Executive Officer, Brad Gordon and Chief Financial Officer, Andrew Wray have resigned, the firm has announced early this Thursday.
The firm that is one of the largest gold producers in Africa, has three mines in Tanzania which are located in north-west Tanzania.
"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," the statement read in part.
In the development, Acacia has appointed Peter Geleta, currently its Head of Organisational Effectiveness, as Interim Chief Executive Officer.
Meanwhile, Jaco Maritz who is currently Acacia's General Manager (Finance) will be appointed Chief Financial Officer.
"Both appointments will be effective from 1 January 2018," the statement added.