Lonmin Appoints Interim CEO

Reuters reported Lonmin (LSE:LMI) has appointed its chief financial officer as acting chief executive after a strike, lowered revenue and a loss in production.

As quoted in the market news:

The South Africa-focused company, the third-largest in the sector, said Simon Scott would take the helm while chief executive Ian Farmer pursues a course of treatment for an unspecified illness.

Click here to read the full Reuters report.