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By Josh Beckerman
Glencore PLC's (GLEN.LN) majority-owned unit Katanga Mining Ltd. (KAT.T) said Chief Executive Danny Callow has resigned, and will be succeeded by Jeff Gerard, effective May 2.
Mr. Gerard is joining Katanga from Glencore Coal, where he has been chief development officer. He was an executive at Xstrata PLC before its 2013 merger with Glencore.
In December, Katanga agreed to settle Canadian allegations related to issues including financial disclosures, internal controls and activities in the Democratic Republic of the Congo.
Mr. Callow was named Katanga CEO in January as part of a management services agreement with Glencore.
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(END) Dow Jones Newswires
April 17, 2019 18:50 ET (22:50 GMT)
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