Royal Gold Announces Senior Management Appointments
October 15 2019 - 10:45AM
Business Wire
Royal Gold, Inc. (NASDAQ: RGLD) (together with its
subsidiaries, “Royal Gold” or the “Company”) announced today
several senior management appointments:
- Mark Isto, Vice President Operations, has been named Executive
Vice President and Chief Operating Officer, Royal Gold
Corporation;
- Paul Libner, Controller and Treasurer, has been named Chief
Financial Officer and Treasurer; and,
- Randy Shefman, Associate General Counsel, has been named Vice
President and General Counsel.
All appointments will be effective on January 2, 2020. Mr.
Libner’s promotion will be effective upon the appointment of Mr.
William Heissenbuttel, Chief Financial Officer and Vice President
Strategy, to the position of President and CEO. Mr. Shefman’s
promotion will be effective upon the retirement of Mr. Bruce
Kirchhoff, Vice President, General Counsel and Secretary.
“I congratulate Bruce on a fantastic legal career and thank him
for his wise counsel over the past 12 years with Royal Gold,”
commented Tony Jensen, President and Chief Executive Officer.
“While respecting his personal decision to retire, I am proud to
see the positive results of our succession planning efforts, which
have occurred over many years, come to fruition. As I approach my
own retirement from the Company, I am very pleased to see Mark,
Paul and Randy advance, and am confident in this team’s ability to
successfully continue to move the Company forward in pursuit of its
strategic objectives.”
William Heissenbuttel commented: “These appointments reflect the
depth of management skills within Royal Gold and I look forward to
continuing to work with such a talented and professional senior
management team. Mark’s appointment is a reflection of his
outstanding work in the area of technical risk assessment and is an
indication of our continued emphasis on this area. Paul’s and
Randy’s appointments reflect demonstrated skills in their
disciplines over many years with the Company. While I am excited
for these individuals, I am disappointed to be losing the excellent
advice and guidance of Bruce Kirchhoff. He has made a significant
contribution to Royal Gold over his career with the Company and he
will be missed professionally and personally.”
Mr. Isto has 35 years of experience in mining engineering, mine
management and project development on a global basis. Mr. Isto
joined Royal Gold in 2015 in his current role and is a key member
of the management team responsible for the technical due diligence
of business development opportunities and the monitoring of assets
in the Royal Gold portfolio. Prior to Royal Gold he held numerous
technical and operating management positions at Placer Dome,
Kinross Gold and First Nickel. Mr. Isto holds a Bachelor of Science
degree in Mining Engineering from Montana College of Mineral
Science and Technology as well as a Master of Business
Administration degree from the University of Nevada – Reno.
Mr. Libner joined Royal Gold in 2004 and has over 20 years of
experience working in various financial and accounting roles. Mr.
Libner began his career with Ernst & Young where he provided
audit and business advisory services primarily for the financial
services and healthcare industries and later held various finance
and accounting roles within the financial services industry. Mr.
Libner holds a Bachelor of Science and Masters degree in
Accountancy from the University of Denver.
Mr. Shefman joined Royal Gold in 2011 as Associate General
Counsel. He brings 20 years of legal experience in international
transactions across the mining, oil and gas, and power sectors.
Prior to joining Royal Gold, Mr. Shefman was in private legal
practice with regional and international law firms, including
LeBouef Lamb Greene & MacRae, Holland & Hart and Hogan
Lovells. Mr. Shefman holds a J.D. from the University of Colorado,
an LL.M. in Environmental and Natural Resources Law and Policy from
the University of Denver, and a Bachelor of Arts degree in history
from the University of Michigan.
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. At
September 30, 2019, the Company owned interests on 187 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: the appointments, each effective on January 2, 2020, of Messrs.
Isto, Libner and Shefman to the positions of Executive Vice
President and Chief Operating Officer, Chief Financial Officer and
Treasurer, and Vice President and General Counsel, respectively;
Mr. Kirchhoff’s retirement from his position as Vice President,
General Counsel and Secretary, effective January 2, 2020; positive
results of the Company’s succession planning efforts; the team’s
ability to successfully move the Company forward in pursuit of its
strategic objectives; the depth of management skills within the
Company; continued emphasis on technical risk assessment; and
skills in the financial, accounting and legal disciplines. 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/20191015005311/en/
Alistair Baker Director, Business Development (720) 554-6995
Royal Gold (NASDAQ:RGLD)
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