The SolGold plc (LON: SOLG) share price barely moved after the appointment of a new CEO and CFO. Investors barely reacted to the news primarily because the new CEO is familiar since he had been acting CEO following the resignation of his predecessor Darryl Cuzzubbo in November 2022.
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The company confirmed the appointment of Scott Caldwell as permanent CEO after months of being in the position in an acting capacity. The firm appointed Mr Chris Stackhouse as Chief Financial Officer (CFO), effective 17 April 2023.
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SolGold also noted that Mr Stackhouse is an accomplished finance professional with over 20 years of experience managing development stage projects, with significant experience living and working in South America. Stackhouse spent seven years with Guyana Goldfields Inc. before it was acquired by Zijin Mining Group and has held senior finance roles, including interim CEO.
Commenting on his appointment, Mr Stackhouse said: “It is a privilege to join SolGold at this important time for the Company. Cascabel is a world-class asset, and I am excited to work alongside Scott, the Board, and the team in Ecuador, as we strive to deliver optimal outcomes for SolGold's stakeholders. I will be focused on supporting the optimization of the organization and ensuring a fiscally responsible approach to maximizing shareholder value.”
Scott Caldwell, who was serving as interim CEO, has over 40 years of experience in the global mining industry, having held several senior executive roles, including as CEO at both Guyana Goldfields Inc. and Allied Nevada Gold Corp., as well as Chief Operating Officer (COO) at Kinross Gold Corp.
Scott Caldwell, SolGold’s CEO, commented: “I am honoured to have been chosen to lead such a talented team and work towards achieving our shared goals at SolGold. As we continue to move forward, I am excited to lead the company into a successful future. We are thrilled to welcome Chris Stackhouse to our team as our new CFO. With his exceptional background in finance, operations, project development, expertise in the mining sector and Spanish language skills, he brings invaluable experience to our team. Together, we will work towards delivering on our strategic initiatives.”
*This is not investment advice.
The SolGold share price chart.
The SolGold share price surged 1.61% to trade at 17.71p, rising from Friday’s closing price of 17.43p.
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