Greatland Gold has appointed Sean Day as its new CEO and sent its shares to 33.2p, up 2.3%.
Sean Day will replace current CEO Gervaise Heddle. Shaun Day will take over the position of CEO on February 8, 2021 and will be on the board of directors.
Heddle will remain part of the executive team until March 12, 2021 to ensure a smooth transition.
Day said: Under Gervaise’s leadership, notable advances in the Havieron joint venture over the past two years have created a strong platform for future growth. We look forward to working closely with the Board, Greatland team and our key partners as we drive a multi-faceted growth strategy and continue to realize even more value for our shareholders. ”
Day is currently the Chief Financial Officer of Minor Salt Lake Cali, registered with AIM. When he starts his new role, he is given 5,000,000 performance options at the start of employment.
“We’ve been working hard to get the better of our customers,” said Alex Borrelli, chairman of Greatland Gold Plc. Gervaise joined the business in May 2016, helping to secure a acquisition of the Havieron project and subsequent farm and joint venture agreements with NewCrest. Under his leadership, the Greatland team provided extraordinary value creation to shareholders.
“This is a measure of our growing reputation as a business that can attract high-quality people to Greatland and we are delighted to welcome Sean to our board as CEO. Shaun brings a wide range of industry and regional experience, brings capital market expertise and makes a major addition to a strong management team. 5 at Northern Star, one of Australia’s largest gold miners. Over the year, Shawn helped raise the company from a similar size to Greatland to a market capitalization of $8 billion, demonstrating his all-around expertise and fit for his role. We worked with him, I look forward to profiting from his extensive experience.”
Greatland Gold Stock (LON:GGP) is trading -1.35% at 32.06 (1314GMT).
