Pearl Gold AG announced that its Supervisory Board has appointed Michael Reza Pacha as new CEO. Pacha will take office with immediate effect from Lutz Hartmann who has been Pearl Gold's CEO since February 28, 2012. Hartmann resigned earlier in 2014 but kept his duties provisionally until the appointment of a new CEO.

Michael Reza Pacha is President and founder of Koh-I-Noor Capital.