Goldcorp CEO Charles Jeannes to retire; board names successor
Chuck Jeannes, President and Chief Executive Officer of Goldcorp, will retire following the company's annual general meeting in April 2016. — Photo courtesy Goldcorp website
CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) has announced that President and Chief Executive Officer Chuck Jeannes will retire following the company's annual general meeting in April 2016. David A. Garofalo, currently President and Chief Executive Officer of HudBay Minerals Inc., will succeed Mr. Jeannes as President and Chief Executive Officer and will join Goldcorp's Board of Directors.
"It has been a tremendous honour to lead Goldcorp over the last seven years as it has matured into one of the world's leading gold mining companies," said Mr. Jeannes. "I have had the privilege of working with an exceptional group of leaders as we built the foundations for long-lasting success at Goldcorp, including two key new mines that will drive strong, low-cost production for many years. I have tremendous respect for David and look forward to working with him, the Board and the management team over the next few months to ensure a smooth transition."
Mr. Jeannes has led Goldcorp since January 2007 and has been with Goldcorp and its predecessor company Glamis Gold Ltd. for nearly 17 years. His career has been recognized by numerous distinguished awards and most recently named Canada's Most Admired CEO by Waterstone Human Capital and MacKay CEO Forums.
"On behalf of the Board of Directors I would like to thank Chuck for his dedication and leadership over the past seven years," said Ian Telfer, Goldcorp Chairman. "He has been a tireless champion of our industry and instrumental to Goldcorp's growth during a critical period of the Company's development. We wish him the best in retirement and continued success in the next chapter of his distinguished career. The Board also congratulates David on his appointment, and looks forward to working with him in the future."
Mr. Garofalo has worked in various capacities in the natural resources sector over the last 25 years. He served most recently as President, Chief Executive Officer and Director of Hudbay Minerals Inc. since 2010 where he presided over that company's emergence as a leading metals producer. Before joining Hudbay, David served as Senior Vice President, Finance and Chief Financial Officer with Agnico-Eagle Mines Limited from 1998 to 2010. Earlier in his career, he served as Treasurer and held various finance roles with Inmet Mining Corporation from 1990 to 1998. David was named Canada's CFO of the Year by Financial Executives International Canada in 2009. He was also named Mining Person of the Year by Northern Miner Magazine in 2012. A graduate of the University of Toronto (B.Comm.), David is a Chartered Accountant and a Certified Director of the Institute of Corporate Directors. He also serves on the board of directors of Mackenzie Health Foundation.
About Goldcorp
Goldcorp is a leading gold producer focused on responsible mining practices with safe, low-cost production throughout the Americas. A portfolio of long-lived, high-quality assets positions Goldcorp to deliver long-term value.
