TORONTO (miningweekly.com) – Following its recent acquisition of gold junior True Gold in an all-scrip deal valued at about C$191-million, TSX-listed Endeavour Mining has appointed Sébastien de Montessus as its new CEO to replace Neil Woodyer, who will be appointed nonexecutive chairperson of the board.
The management changes would become effective following the annual general meeting scheduled for June 28, and Michael Beckett would remain an independent director, the company advised.
De Montessus would bring with him a management record as former CEO of La Mancha and Areva Mining, as well as significant experience in African mining operations. De Montessus has been the president and a director of Endeavour since November 27, 2015, and was previously the CEO of the La Mancha Group since 2012. La Mancha was 100% owned by the wealthy Sawiris family of Egypt.
Edited by: Samantha Herbst
Creamer Media Deputy Editor
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