- He has over 30 years of experience in management and operational positions
- He says he is honoured and excited to lead IAMGOLD
- Focus on the new Côté Gold mine in Canada
- Maryse Bélanger, Chairman of the Board, ends her interim term
IAMGOLD Corporation announced today, 6 March 2023, that its Board of Directors has appointed Renaud Adams as President and Chief Executive Officer of the Company, starting on 3 April 2023. Mr. Adams replaces Maryse Bélanger, Chair of the Board of Directors, who was acting as interim Chair during the executive search process. Renaud Adams will also be a member of the Board of Directors.
“The appointment of Renaud Adams represents the culmination of a thorough and rigorous search process conducted by the Board’s search committee,” said Maryse Bélanger, Chair of the Board.
“Renaud offers the rare combination of operational, strategic and capital markets experience, with a proven track record in leading a culture of safety, attributes that are essential to leading a global mining company today. The entire board looks forward to working with Renaud, who will provide the leadership necessary to guide IAMGOLD towards its goal of becoming a high margin gold producer,” she added.
Renaud Adams said after his appointment: “I am honoured and excited to lead IAMGOLD into its next chapter, and I would like to thank the Board for this opportunity. I admire the hard work done over the past year by Maryse, Maarten and the entire team to position the company for success. Today, the Company is at an exciting turning point, ready to bring the Côté Gold Project into production and begin mining what will be the next low-cost, large-scale, long-life gold mine in Canada. This is a mine that will be a model for mining in Canada and a transformation for IAMGOLD. This is a homecoming of sorts for me, after starting at IAMGOLD in operations. I am proud to lead a company that is firmly committed to the Zero Harm culture, a commitment to responsible mining that was established in my first year at IAMGOLD over 16 years ago.”
David Smith, the Lead Independent Director during Maryse Bélanger’s term as Interim President and CEO, commented: “On behalf of the Board of Directors, we would like to thank Maryse Bélanger for her dedication, leadership and accomplishments in repositioning the company over the past year. We look forward to working with Maryse Bélanger in her ongoing role as Chair of the Board”.
Who is Renaud Adams?
Renaud Adams has over 30 years of global mining experience in executive and operational positions. Mr. Adams served as President and CEO of New Gold Inc. from 2018 to 2022, where he led the company’s strategic repositioning and operational turnaround. Prior to New Gold, Mr. Adams served as President and CEO of Richmont Mines Inc. from 2014 until the company’s sale to Alamos Gold in November 2017. During Mr. Adams’ time at Richmont Mines, production at the company’s main mine more than doubled, mineral reserves more than tripled and costs were reduced to make the Island Gold Mine in Ontario one of the lowest cost operating underground mines in the Americas. From 2011 to 2014, Mr. Adams was Chief Operating Officer at Primero Mining Corporation, and prior to that, he was General Manager of IAMGOLD’s Rosebel mine in Suriname before being appointed Senior Vice President of Americas Operations. Prior to joining IAMGOLD, Mr. Adams held various operations management positions at mining operations in the Americas. Mr. Adams holds a Bachelor of Science degree in Mining and Mineral Processing Engineering from Laval University, Quebec, Canada. IAMGOLD is a Canadian-based intermediate gold producer and developer with operating mines in North America and West Africa including the Essakane mine in Burkina Faso. The company is building the large-scale, long-life Côté Gold project in Canada in partnership with Sumitomo Metals & Mining of Japan, which is expected to begin production in early 2024.
Summary by Elie KABORE
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