Only three weeks after London-listed African Barrick announced it was replacing its CEO Greg Hawkins, Tanzania’s largest gold company said Chief Operating Officer Marco Zolezzi has also decided to hit the trail. In a short statement, the firm said the recently appointed CEO Brad Gordon would take direct responsibility for operations while a search for a replacement is underway. It added that Zolezzi has left “to pursue other interests.”
The effect on the company’s stocks was immediate. By 9:30 am GMT they had dropped 5.7% to 157 pence in London, extending the firm’s loss to 64% so far this year.
See http://www.mining.com/african-barrick-coo-quits-sends-stock-nose-diving-52481/?utm_source=digest-en-mining-130911&utm_medium=email&utm_campaign=digest.