Detour Gold Announces Appointment of Paul Martin as CEO and CFO
Served as Interim CEO after resignation of Charles Panneton
Detour Gold Corporation confirmed Paul Martin as President and Chief Executive Officer of Detour Gold. Martin served as the interim President and CEO after the resignation of founder Charles Panneton in November, 2013.
The Board of Directors has also appointed Mr. Martin as a Director of the Company.
"Since Mr. Martin assumed the role of Interim CEO in November 2013, he has been instrumental in improving Detour Gold's performance and has earned the trust and respect of our team, the confidence of our shareholders and the public markets,” said Michael Kenyon, the Company's Executive Chair.
“It became abundantly clear to the Board of Directors that Paul was the ideal candidate to assume the role of Chief Executive Office,” Kenyon added.
Mr. James Mavor was also appointed as Chief Financial Officer. Mr. Martin commented, "I congratulate Jim on his promotion and look forward to working with him and the other members of the senior management team. I am confident in the team's ability to move Detour Gold forward."
Both appointments became effective on February 15, 2014.
Mr. Martin, CPA, CA is a mining executive with over 25 years of experience focused on Canadian and international precious metals mining and exploration companies. Mr. Martin joined Detour Gold in September 2008 as Chief Financial Officer. Mr. Martin served in this capacity until November 24, 2013, when he assumed the role of Interim Chief Executive Officer following the resignation of Mr. Panneton.
Mr. Mavor, CPA, CA is a finance professional with over 20 years of experience in the mining industry. Mr. Mavor joined Detour Gold in February 2012 as Vice President, Finance. He served in this capacity until November 24, 2013, when he assumed the role of Interim Chief Financial Officer. Prior to joining Detour Gold, Mr. Mavor worked at Barrick Gold Corporation from 1994 to 2012, serving as their Vice President and Treasurer during his last 5 years.
About Detour Gold
Detour Gold is an emerging mid-tier gold producer in Canada. The Company is ramping up its 100% owned Detour Lake mine to a long life, large scale open pit operation. The Detour Lake mine has proven and probable reserves of 15.5 million ounces of gold.
Contact Information:
Detour Gold Corporation
Paul Martin
President and CEO
(416) 304.0800
Detour Gold Corporation
Laurie Gaborit
Director Investor Relations
(416) 304.0581
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