Stornoway Announces the Departure of Patrick Godin and Annie Torkia Lagacé, as Well as the Appointment of Patrick Sévigny a...
June 25 2020 - 11:31AM
Stornoway Diamonds (Canada) Inc. (the "Corporation" or
"Stornoway") announces that Mr. Patrick Godin and Ms.
Annie Torkia Lagacé will be stepping down from their respective
positions as President and Chief Executive Officer of the
Corporation and Executive Vice President, Finance and Corporate
Services. These changes will be effective as of June 26, 2020.
Mr. Patrick Sévigny joined Stornoway in 2015 and
is currently the Corporation’s Vice President Operations. He will
succeed Mr. Godin and will assume the leadership of the company as
Chief Operating Officer. Ms. Torkia Lagacé's responsibilities will
be redistributed within the organization.
The departures of Mr. Godin and Ms. Torkia
Lagacé are a further step in the rationalization exercise of the
executive team which began in 2019 with the privatization of
Stornoway. The Board of Directors, in collaboration with the
Corporation’s shareholders, continues to work actively on
streamlining the Corporation and an eventual restart of Renard mine
operations as the diamond market recovers.
Hubert T. Lacroix, Chairman of the Board of
Directors of Stornoway, commented on the announced changes:
"Patrick first joined the Stornoway team in 2010 as Chief Operating
Officer. It was largely due to his leadership that the construction
of the Renard mine was completed ahead of schedule and under
budget. Annie first joined Stornoway in 2014 as Vice President,
Legal Affairs and has been given additional responsibilities over
time to reflect her significant contribution to the organization.
We would like to thank them both for their commitment to the
company, its employees and all the stakeholders involved in this
project. Pat and Annie will continue to support Stornoway's current
executive team to ensure a transition through the end of 2020.
Patrick Godin commented: "I am very proud of the
work we have accomplished as a team since 2010. The market meltdown
has slowed our momentum, to my great disappointment. Nevertheless,
we are the first diamond mine in Quebec; we are an example of
impact minimization and environmental performance; we are inclusive
and respectful of the opportunity offered to us by the Crees and
Jamesians to extract the resource together with them and we are
innovative. I am confident in Patrick Sévigny’s abilities to lead
the company and that the future of the mine and organization will
improve as the diamond market recovers. I sincerely thank my
colleagues and the Board of Directors for their trust and
encouragement during my years at Stornoway. »
About Stornoway Diamonds (Canada) Inc.
Stornoway is a Canadian diamond exploration and production
company headquartered in Longueuil, which owns a 100% interest in
the Renard Mine. Stornoway is owned by Diaquem Inc., Osisko Gold
Royalties LTD, TF R&S Canada LTD and CDPQ Ressources inc.
For more information,
please contact:Sylvie Gervais (Vice President, Human Resources,
Communications and Community
Relations) sgervais@stornowaydiamonds.com
** Site
Web : www.stornowaydiamonds.com Courriel : info@stornowaydiamonds.com **
Source : Stornoway Diamond Corporation