CEO of Toronto-based Detour Gold to step down

By zaymalz malz
Share

Canadian mining company Detour Gold has announced that its CEO Paul Martin has taken the decision to retire as President and CEO of the firm, effective 1 June.

Martin has been with Detour Gold for 10 years, having joined the company as Chief Financial Officer (CFO) in 2008, later being named as CEO in February 2014. Martin has over 25-year experience within the mining and finance industry.

See also:

“On behalf of our employees and the Board, we all recognize the immense contribution Paul has made to Detour Gold,” said Chairman of the Board at Detour Gold, Michael Kenyon.

“We wish to extend our genuine appreciation for his dedicated service, first as Chief Financial Officer during the development and commissioning phases of the Detour Lake gold mine, and subsequently as CEO in leading the Company through its early operational years.”

Upon Martin retiring from the company, Kenyon will assume the role of Interim Chief Exec, whilst Alex Morrison, a Director at the firm, will assume the role of Chairman of the Board.

Morrison also brings 25 years of experience to the role, having acted as the Vice President and CFO of Franco Nevada and Vice President of Operations Services at Newmont Mining.

“I look forward to working with the leadership team as the Company proceeds in implementing a number of key operational initiatives to ensure the long-term success of the Company,” Kenyon continued.

The company has now begun a search to find a new suitable CEO.

Share

Featured Articles

What is Nestlé CEO Laurent Freixe’s Action Plan?

Newly appointed CEO sets out action plan involving separating water brands into standalone business and boosting advertising and marketing spend

Will Mulberry Turn a New Leaf Under CEO Andrea Baldo?

International British luxury brand cuts quarter of head office staff as newly appointed CEO conducts strategic review

Female Board Members of Biggest UK Companies Paid 69% Less

Female board members of FTSE 100 companies are paid 69% less than male counterparts, as they find themselves frozen out of the biggest roles

Is This the Next CEO of LVMH?

Leadership & Strategy

How Burberry’s New CEO Is Going Back to Basics

Leadership & Strategy

Is Bayer CEO Bill Anderson Running Out of Time?

Leadership & Strategy