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Franco-Nevada names new CEO, chairman

Franco-Nevada Corp. said Sept. 9 that it will promote COO Paul Brink to CEO during the company's annual meeting on May 6, 2020.

The company will also appoint outgoing CEO David Harquail as chairman, while current chairman Pierre Lassonde, who will step down in 2020, will be named chairman emeritus.

Franco-Nevada's net profit rose 19.4% year over year in the second quarter to US$64.0 million from US$53.6 million.