Detour Gold President and CEO to retire

Toronto-based gold mining company Detour Gold has confirmed that CEO Paul Martin will be stepping down from his role due to retirement on 1 June.

Martin will be leaving after a decade with the company, having joined as CFO in 2008, later gaining promotion to President and CEO in 2014.

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“On behalf of our employees and the Board, we all recognize the immense contribution Paul has made to Detour Gold,” said Chairman of the Board at Detour Gold, Michael Kenyon.

Kenyon will assume the role of Interim CEO upon Martin’s retirement, whilst Audit Committee Chair Alex Morrison will become Chairman of Board.

“I look forward to working with the leadership team as the Company proceeds in implementing a number of key operational initiatives to ensure the long-term success of the Company,” Kenyon continued.

Morrison brings 25 years of experience to the role, having stood as both the Vice President and Chief Financial Officer of Franco Nevada and Vice President of Operations Services at Newmont Mining.

The company has revealed that it has begun searching for a new suitable candidate to fill the available CEO position.