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American-listed Platinum Group Metals (PTM) has appointed Frank Hallam as president and CEO, with immediate effect.

He has been serving as interim president and CEO since July.

“Frank has led the company well over a four-month transitionary period and the board is confident that he will continue to provide the leadership and expertise required to guide the company through the challenges and opportunities ahead as we advance development of the company’s world-class Waterberg project,” comments PTM chairperson Diana Walters.

Hallam, a director and former CFO of PTM, has been with the company since its inception in 2002 and co-founded one of the company’s two predecessor corporations in 1983. He was also a co-founder of MAG Silver Corp and West Timmins Mining.

Hallam previously served as an auditor in the mining practice of Coopers and Lybrand (now PwC) and is a qualified certified public accountant, a chartered accountant and holds a degree in Business Administration.