Centerra Gold Announces CEO Transition
September 06 2022 - 8:05AM
Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) (“Centerra” or the
“Company”) announced today that Paul Wright has replaced Scott
Perry as President and Chief Executive Officer of Centerra. Mr.
Wright, a director of Centerra, will act as interim President and
CEO to manage the Company through a leadership transition period,
as the Board works with an executive search firm to select
Centerra’s long-term Chief Executive Officer.
Mr. Michael Parrett, the Chair of the Board,
said, “On behalf of the Board, I would like to thank Scott for his
commitment to the Company over the last 7 years. We appreciate all
he has done to serve the Company, including through the challenges
of the last two years. We wish him well in his future
endeavours.”
He continued, “Centerra’s Board is appreciative
that Mr. Wright has agreed to lead the Company on an interim basis.
Mr. Wright brings over 40 years of extensive international
experience in the mining industry. Mr. Wright retired from Eldorado
Gold in April 2017 where he had served as President and CEO since
1999. He has served as a director of Centerra since his election to
the Board in May 2020.”
In connection with this leadership transition,
Mr. Perry also resigned as a director of Centerra and will not be
nominated for election to the Board at the Company’s upcoming
Annual Meeting of Shareholders to be held on September 22, 2022.
The Board has determined to reduce the number of directors from 9
to 8 and the 8 other directors identified in Centerra’s management
information circular dated August 19, 2022 will stand for election
at the upcoming Annual Meeting of Shareholders.
Cautionary Note Regarding
Forward-Looking Information
Information contained in this document which are
not statements of historical facts may be “forward-looking
information” for the purposes of Canadian securities laws and
within the meaning of the United States Private Securities
Litigation Reform Act of 1995. Such forward-looking information
involves risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward looking
information. The words “expect”, “contemplate”, “may”, “will” and
similar expressions identify forward-looking information.
Forward-looking information is necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
Centerra, are inherently subject to significant political,
business, technical, economic and competitive uncertainties and
contingencies. Known and unknown factors could cause actual results
to differ materially from those projected in the forward-looking
information. Factors and assumptions that could cause actual
results or events to differ materially from current expectations
include the risk factors set forth in the section titled “Risk
Factors” in the Company’s most recently filed Annual Information
Form, which is available on SEDAR at www.sedar.com and EDGAR at
www.sec.gov/edgar. There can be no assurances that forward-looking
information and statements will prove to be accurate, as many
factors and future events, both known and unknown could cause
actual results, performance or achievements to vary or differ
materially from the results, performance or achievements that are
or may be expressed or implied by the forward-looking statements
contained or referred to herein. Accordingly, all such factors
should be considered carefully when making decisions with respect
to Centerra, and prospective investors should not place undue
reliance on forward looking information. Forward-looking
information contained herein is given as of the date of this press
release. Centerra assumes no obligation to update or revise
forward-looking information to reflect changes in assumptions,
changes in circumstances or any other events affecting such
forward-looking information, except as required by applicable
law.
About Centerra Gold
Centerra Gold Inc. is a Canadian-based gold
mining company focused on operating, developing, exploring and
acquiring gold and copper properties in North America, Turkey, and
other markets worldwide. Centerra operates two mines: the Mount
Milligan Mine in British Columbia, Canada, and the Öksüt Mine in
Turkey. Centerra also owns the Goldfield District Project in
Nevada, United States, the Kemess Underground Project in British
Columbia, Canada, and owns and operates the Molybdenum Business
Unit in the United States. Centerra’s shares trade on the Toronto
Stock Exchange (“TSX”) under the symbol CG and on the New York
Stock Exchange (“NYSE”) under the symbol CGAU. Centerra is based in
Toronto, Ontario, Canada.
Additional information on Centerra is
available on the Company’s web site at
www.centerragold.com and at SEDAR
at www.sedar.com and EDGAR
at
www.sec.gov/edgar.
For more information: Toby
Caron Treasurer and Director, Investor Relations (416) 204-1694
toby.caron@centerragold.com
Shae Frosst Manager, Investor Relations (416)
204-2159 shae.frosst@centerragold.com
A PDF accompanying this announcement is available
at: http://ml.globenewswire.com/Resource/Download/de299ac8-a0ac-49f6-bc64-a879f2ce6425
Centerra Gold (NYSE:CGAU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Centerra Gold (NYSE:CGAU)
Historical Stock Chart
From Jul 2023 to Jul 2024