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Centerra Gold names new independent chairman

Centerra Gold Inc. said Sept. 25 that Michael Parrett will succeed Stephen Lang as independent chairman of the board of directors, effective Oct. 1.

Lang will remain as board member, the company noted.

Prior to Centerra, Parrett served as CEO of Billiton Base Metals and President and CEO of Rio Algom Ltd.

In August, the company said that together with the Kyrgyzstan government, it is moving to terminate the international arbitration proceedings at the Permanent Court of Arbitration and certain civil proceedings affecting the Kumtor gold mine.