info@ceoworld.biz
Thursday, October 10, 2024
CEOWORLD magazine - Latest - Banking and Finance - Chaarat Gold in search of new CEO after Fraser’s resignation

Banking and Finance

Chaarat Gold in search of new CEO after Fraser’s resignation

Chaarat Gold _Metals and Mining

Chaarat Gold Holdings Ltd, the gold mining company, has announced that its Chief Executive Officer, Mike Fraser, has resigned with immediate effect. On Monday morning, Chaarat’s shares rose by 11%. The company, which operates a mine in Armenia and holds assets in Kyrgyzstan, stated that the board has agreed to waive Fraser’s six-month notice period.

Fraser took on the role of CEO in January 2022, having previously served as the Chief Operating Officer of South32 Ltd from April 2018. Fraser commented, “Following the disposal of Kapan and the near-term focus on the development of the Tulkubash and Kyzyltash, it is an appropriate time to move forward with a simplified leadership structure for the company.”

Chaarat recently completed the sale of Chaarat Kapan CJSC, its Armenian subsidiary, to Gold Mining Co LLC, following the announcement of the sale for USD 55.4 million in August. The company noted that this disposal was necessary to ensure the sustainability of the Kapan mining operation due to the significant appreciation of the Armenian dram.

Executive Chair Martin Andersson and Chief Financial Officer David Mackenzie will lead Chaarat during this transition until a new CEO is appointed.

 

Have you read?
Ranked: Most Environmentally Friendly Countries in the World, 2023.
Report: Countries with highest numbers of child marriage, 2023.
Ranked: These Are The Best Museums in the United States, 2023.
Ranked: These Are the Countries with the Highest Kidnapping Rates, 2023.
Best High-Demand Products for Profitable Online Selling, 2023.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Banking and Finance - Chaarat Gold in search of new CEO after Fraser’s resignation
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz