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The succession plan at IAMGOLD

Gordon Stothard replacing Stephen Letwin as president
IAMGOLD Cote Project
IAMGOLD Cote Lake project

Stephen Letwin is retiring after a decade as president-CEO of IAMGOLD.

Gordon Stothart, the chief operating officer, will succeed him, effective March 1.

A Jan. 16 news release said Letwin will be available as a consultant, particularly in the area of government relations, one of his specializations.

A veteran of 30 years in the resource sector, he’s being credited for aligning the company’s goals of creating a global mid-tier gold company while working with stakeholders at their operations in Suriname, Burkina Faso and Senegal.

The company holds the Côté Gold Project, 20 kilometres from Gogama, between Timmins and Sudbury; one of their advanced exploration properties.

“His active, hands-on approach to government relations set him apart in this industry and was key to our ability to operate and expand in the countries in which we are located, establishing the company's reputation as a reliable and engaged partner,” said board chair Don Charter in a statement.

“As he departs, the company is in a strong financial position with an enviable pipeline of development and exploration projects upon which the company will continue to build.”

Stothart joined IAMGOLD in 2007 and brings more than 20 years of industry experience overseeing operations and project development.

"His deep knowledge of both the company and the mining industry combined with his collaborative leadership style and adaptability to new challenges will serve him and the company well,” said Charter.

 

–– Northern Ontario Business