Harmony Gold CEO Briggs to retire

• Harmony Gold (HMY -4.5%) says Graham Briggs will retire as CEO and as a board member but will remain in the role of CEO until a replacement has been appointed.
• Briggs took over as CEO in 2008 and has worked for HMY for 20 years; no explanation is given for his retirement.
• HMY, which operates high-cost, aging gold mines in South Africa, has fallen 38% YTD and has recorded three consecutive quarterly losses.