Agnico-Eagle Mines Ltd. (
TSX: T.AEM,
Stock Forum) (
NYSE: AEM,
Stock Forum) said Thursday it is moving to beef up its senior management team with a raft of new appointments.
The Toronto-based gold miner said Ammar Al-Joundi has been named President of Agnico-Eagle, an appointment that takes effect on April 6, 2015.
Al Joundi was previously chief financial officer and senior executive vice-president at
Barrick Gold Corp. (
TSX: T.ABX,
Stock Forum) He had earlier been chief financial officer at Agnico.
With the appointment of Al-Joundi as President, CEO Sean Boyd’s title will change to vice-Chairman and CEO,
the company said in a press release.
Al-Joundi will report to Boyd and assist him and the senior management team in setting and executing on Agnico Eagle’s corporate strategy, optimizing the corporate structure and management processes, developing the next generation of senior management and building asset value through effective capital structure allocation and risk management, the company said.
Among other appointments, Dominique Girard has been named Vice-President, Technical Services and Nunavut Operations.
“The company sees Nunavut as an excellent platform to add significant long term value to its businesses and is currently studying various options and alternatives to capitalize on the large and growing resource base in Nunavut and to maximize its value,’’ the company said.
Agnico-Eagle Mines shares eased 1.4% to $36.27 on Thursday, leaving a market cap of $7.8 billion, based on 215.4 million shares outstanding. The 52-week range is $45.92 and $25.05.