The Board of Directors of SolGold (LSE & TSX: SOLG) announces that Darryl Cuzzubbo, Managing Director and Chief Executive Officer (“CEO”), has left the Company and the Board, effective 10 November 2022. The Company has appointed Scott Caldwell, Non-Executive Director, as Interim CEO until a permanent replacement is appointed.
Mr. Caldwell is a mining engineer with over 40 years' experience in the global mining industry having held a number of senior executive roles including as Chief Executive Officer at both Guyana Goldfields Inc. and Allied Nevada Gold Corp., as well as Chief Operating Officer at Kinross Gold Corp. Upon the successful closing of the Cornerstone merger transaction, Mr. Caldwell will own 17,587,500 shares in the Company.
The search for a permanent CEO will start immediately.
Liam Twigger, Chairperson of SolGold, commented: “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 (“PFS”) that confirmed the project’s Tier 1 potential.”
Scott Caldwell, Interim CEO, commented: “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.”
This announcement was approved for release by Rufus Gandhi - Company Secretary.
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