News .... Alderon Appoints New CFO https://www.alderonironore.com/_resources/news/ADVNR20130611.pdf
Alderon Appoints New CFO with Project Finance Experience
June 11, 2013
Alderon Iron Ore Corp. (TSX: ADV) (NYSE MKT: AXX) ("Alderon" or the “Company”) is pleased to announce the appointment of Mr. François Laurin as Chief Financial Officer (CFO) of the Company. Mr. Laurin will join Alderon as CFO on June 17, 2013.
Mr. Laurin has held several senior management positions in Canada before joining Alderon. Mr. Laurin previously served as Chief Financial Officer of Consolidated Thompson Iron Mines Ltd., which was acquired for $4.9 billion by Cliffs Natural Resources earlier in 2011. Most recently he was the President and CEO of Cap-Ex Iron Ore Ltd. and CFO of Copper One Inc. He is currently a member of the Board of Directors of Cap-Ex Iron Ore Ltd., Copper One Inc., Mason Graphite Inc. and McGill University Health Centre and member of the Audit Committee of McGill University.
Mr. Laurin holds a CPA, CA and Chartered Financial Analyst (CFA) designation and earned a graduate diploma in Public Accountancy and a Bachelor of Commerce degree from McGill University. He earned his ICD.D Director designation from the Institute of Corporate Directors.
Alderon’s current CFO, Mr. Keith Santorelli, gave notice to Alderon of his intention to pursue other opportunities and is committed to ensuring a seamless transition of his responsibilities to Mr. Laurin.
“As we approach the financing and construction phase of the Kami Project, we are well positioned to move forward with our execution plans”, said Tayfun Eldem, President and CEO of Alderon. “François’ project finance experience with large-scale mining projects adds considerable expertise to our executive team. Additionally, his background in capital markets and financial reporting further bolsters the Company's executive capabilities. Mr. Santorelli joined the Company in 2011 and has been instrumental in establishing Alderon’s standalone accounting and finance function, as well as in streamlining reporting processes and implementing best-practice internal controls and governance frameworks. We thank Keith for his service and wish him the best."
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