Resignation of CEO and Managing Director 7th February 2013

Resignation of CEO and Managing Director

The Board of SolGold plc (AIM code: SOLG) advises of the resignation of CEO and Managing Director, Mr Malcolm Norris.  Mr Nicholas Mather will continue as the Executive Director of the Company during a transitionary period until a new CEO is appointed.

Mr Norris was pivotal in securing for the Company its Cascabel Copper Gold Porphyry Project in Ecuador and the Board wishes to thank Mr Norris for his contribution. 

The Board and Management of the Company have commenced implementing a range of rationalisation and cost saving initiatives, including a reduction in Board fees, a reduction in salary expenses, and a reduction in the general administrative costs of running the Company. 

The Board is vigorously pursuing the appointment of a new CEO and expects to update the market with regard to this appointment in due course.

Click here for full announcement


» View All News
distributed by