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Centamin names interim CEO

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Centamin names interim CEO

London-listed Centamin PLC appointed CFO Ross Jerrard as interim CEO of the company, effective immediately, to replace outgoing CEO Andrew Pardey.

Pardey decided in early October to step down from his position following a 12-month notice period. He will step down as director, effective immediately, and stay as an adviser until October 2020.

Jerrard will retain the CFO role and his responsibilities for the finance function.

The company said on Dec. 13 that it also appointed James Rutherford as deputy chairman and nonexecutive director, effective Jan. 1, 2020.

Rutherford will succeed G. Edward Haslam, who will not stand for reelection at the 2020 annual general meeting.

Additionally, Rutherford will migrate to the nonexecutive chairman role by the end of 2020 to replace Josef El-Raghy as part of the company's succession program.

Endeavour Mining Corp. is seeking support from shareholders of Centamin for its C$2.52 billion takeover offer, which the latter's board recently shunned, Reuters reported, citing Endeavour Mining CEO Sébastien de Montessus.