Another gold producer has signaled they are set to see a change in leadership. B2Gold (TSX: BTO) this morning indicated that Clive Johnson, CEO, President, and Director of the company, intends to retire from his role in June. The retirement is set to coincide with the firm’s annual general meeting of shareholders.
Taking on the role going forward is Mike Cinnamond, who is currently Senior VP, Finance and CFO of B2Gold. Cinnamond is expected to take on the titles of President and CEO, while also taking Johnson’s position on the board of directors.
Johnson’s departure marks a major change for the company, given the fact that he has served as CEO since the company was founded in 2007. Over that time the company grew from a junior explorer to a substantial mid-tier producer. Given his significant contributions to the company, he has been named as Chair Emeritus of B2Gold moving forward.
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Cinnamond meanwhile has been with the company since 2013, and has served as Senior VP, Finance, and CFO since April 2014. His selection as successor is said to be based on his “deep knowledge” of the company alongside his experience within the areas of strategy, corporate development, and financial management among other items.
Michael McDonald is expected to succeed Cinnamond in the role of CFO. McDonald currently serves as VP, Investor Relations, Corporate Development & Treasury.
B2Gold last traded at $7.37 on the TSX.
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