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Goldcorp - Redux Coming in the Timmins Porcupine Camp

[Wolfin13]

Goldcorp Announces Senior Management Changes 

Thursday March 10, 2016 10:45

Goldcorp Inc. (TSX: G, NYSE: GG) announces a series of changes in senior leadership, with the company saying it is exiting an intensive project-development phase and focusing on optimizing performance of its mines and advancing an organic project pipeline. The company says it is undertaking a decentralized management approach, with mine general managers empowered to act as business owners and be held accountable for maximizing returns on capital, while growing net asset value. There will be a “leaner” senior executive team at the company's head office, Goldcorp says. "We will seek more efficiency in our operations and will reinvest into a robust pipeline of existing organic growth opportunities.  We believe this strategic renewal offers the best potential returns with the lowest-risk profile," says David Garofalo, president and chief executive officer. As part of the senior management reorganization, Russell Ball, executive vice president of corporate development and capital management, has become chief financial officer. He succeeds Lindsay Hall, who has left the company to pursue other interests, Goldcorp says. Richard Orazietti will become senior vice president and controller, and David Stephens will assume the role of vice president and treasurer. Rohan Athaide will become vice president for internal audit. Goldcorp reports that Charlie Ronkos, senior vice president for exploration, is also leaving to pursue other interests and the exploration office in Reno, Nev., will be closed.  Primary responsibility for exploration activities will now rest with business unit leaders as part of Goldcorp’s newly decentralized management approach.