William Heissenbuttel to be Appointed as President and Chief Executive Officer of Royal Gold Effective January 2, 2020
September 30 2019 - 10:30AM
Business Wire
Royal Gold, Inc. (NASDAQ: RGLD) (together with its
subsidiaries, “Royal Gold” or the “Company”) announced today that
William (Bill) Heissenbuttel, Chief Financial Officer and Vice
President Strategy, has been named as President and Chief Executive
Officer and a member of the Board of Directors. Mr. Heissenbuttel’s
appointments will be effective upon the retirement of Mr. Tony
Jensen from the role of President and Chief Executive Officer, and
member of the Board of Directors, on January 2, 2020 after 16 years
of service to the Company, 13 of which were as President and Chief
Executive Officer. An announcement on the replacement for the Chief
Financial Officer will be made in due course.
“After completing a thorough search and review of both internal
and external candidates, the Board of Directors determined that
Bill has the best experience and skills to lead Royal Gold to the
next stage in its development,” said Mr. William Hayes, Chairman of
the Board. “Tony’s leadership has established a strong and
disciplined corporate culture that has allowed Royal Gold to thrive
and become one of the leading and most valuable companies in the
global precious metals sector. The Board of Directors is confident
that Bill will maintain that culture and continue to execute on the
formula that has made Royal Gold successful,” he added.
Mr. Heissenbuttel brings more than 30 years of corporate finance
experience, with over 25 of those years in project and corporate
finance in the metals and mining industry. Mr. Heissenbuttel joined
Royal Gold in 2006 as Manager Corporate Development, was promoted
to Vice President Corporate Development in 2007, and has served as
Chief Financial Officer and Vice President Strategy from June 2018
to present. He also assumed the role of Vice President Operations
during 2015 and 2016. Prior to joining Royal Gold, Mr.
Heissenbuttel held positions of increasing seniority with N M
Rothschild & Sons (Denver) Inc., ABN AMRO Bank N.V., and
Chemical Bank Manufacturers Hanover. Mr. Heissenbuttel holds a
Master of Business Administration degree with a specialization in
finance from the University of Chicago and a Bachelor of Arts
degree in Political Science and Economics from Northwestern
University.
“I am honored to be asked by the Board to lead Royal Gold, and I
look forward to working with the Board and management team to
continue to build the business,” stated Mr. Heissenbuttel. “It has
been immensely satisfying to work with Tony over the past 13 years
to develop our corporate strategy and transform the Company from
being a small holder of a limited number of royalty assets to a
major player in the mining finance business. Royal Gold is in a
position of strength with a management team that is equipped to
continue to pursue our well-established strategic objectives, and I
am excited to lead the Company into the future.”
Royal Gold is a precious metals stream and royalty company
engaged in the acquisition and management of precious metal
streams, royalties, and similar production-based interests. As of
June 30, 2019, the Company owns interests on 186 properties on five
continents, including interests on 41 producing mines and 16
development stage projects. Royal Gold is publicly traded on the
Nasdaq Global Select Market under the symbol “RGLD.” The Company’s
website is located at www.royalgold.com.
Cautionary “Safe Harbor” Statement Under the Private
Securities Litigation Reform Act of 1995: With the exception of
historical matters, the matters discussed in this press release are
forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from
projections or estimates contained herein. Such forward-looking
statements include but are not limited to statements with regard
to: Mr. Jensen’s retirement from his positions as Director and
President and Chief Executive Officer on January 2, 2019; the
appointment of Mr. Heissenbuttel as Director and President and
Chief Executive Officer effective the same date; future
announcements about the Chief Financial Officer position;
experience and skills to lead Royal Gold to the next stage of
development; maintaining a strong and disciplined corporate culture
and continuing to execute on the formula that has made Royal Gold
successful; building the business; and a management team equipped
to continue pursuing the company’s strategic objectives. Factors
that could cause actual results to differ materially from these
forward-looking statements include, among others: management and
personnel changes; changes in the expertise, skills and
qualifications of management; and the ability of present and future
management to successfully manage the business and grow the
Company’s value. These risks and other factors are discussed in
more detail in the Company’s public filings with the U.S.
Securities and Exchange Commission. Statements made herein are as
of the date hereof or as of the date indicated and should not be
relied upon as of any subsequent date. The Company’s past
performance is not necessarily indicative of its future
performance. The Company disclaims any obligation to update any
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20190930005069/en/
Royal Gold Alistair Baker Director, Business Development
(720) 554-6995
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