SolGold CEO to retire after shareholder pressure
SolGold executive director Nick Mather. Credit: SolGold via YouTube.
SolGold announced on Tuesday that Nick Mather would step down as CEO, after 13 years at the helm of the company.
His resignation comes a month after Mather was handed a strong rebuke at the company’s annual meeting, when nearly half (44.7%) of shareholders voted against his reappointment to the board.
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Solgold, backed by BHP and Newcrest , has sparred with two of its largest shareholders over funding for its mammoth Ecuador copper-gold project.
Mather will step down effective 31 March 2021