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Martin Jacobsen steps down as WPG's CEO/managing director

WPG Resources Ltd. said Dec. 19 that Martin Jacobsen has resigned as managing director and CEO due to ill health, effective immediately.

Jacobsen had major surgery for an ongoing and debilitating condition in July. The company said it will implement a succession plan for this contingency.

Jacobsen joined WPG as COO in August 2007 and was promoted to CEO in April 2012.