SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Managing Director and Chief Executive Officer Darryl Cuzzubbo has left the company and the board, effective November 10. SolGold appoints non-executive director Scott Caldwell as interim CEO until a permanent replacement is appointed.
The search for a new permanent CEO will start immediately.
Chair Liam Twigger says: "On behalf of the board, I would like to thank Darryl for his contribution to the company over the last year. During Darryl's tenure the company has delivered the Cascabel pre-feasibility study that confirmed the project's Tier 1 potential."
Scott Caldwell says: "I have great familiarity and am a strong supporter of SolGold's world class Cascabel project having been on the Board previously and look forward to supporting the board and the shareholders during this transition period."
Current stock price: 16.74 pence, down 1.3% on Thursday afternoon in London
12-month change: down 36%
By Holly Beveridge; hollybeveridge@alliancenews.com
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SolGold (SOLG)