Goldcorp CEO to retire in spring, Hudbay Minerals CEO to take on his role

VANCOUVER – Goldcorp says its president and chief executive Chuck Jeannes will retire in the spring and David Garofalo, who is currently the president and CEO of HudBay Minerals Inc., will take over his role.

The gold miner (TSX:G) said Jeannes will step down following the company’s annual general meeting in April.

Jeannes has been at the helm of the company since 2007, and has worked for Goldcorp and its predecessor company Glamis Gold for nearly 17 years.

“It has been a tremendous honour to lead Goldcorp over the last seven years as it has matured into one of the world’s leading gold mining companies,” Jeannes said in a statement Friday.

“I have had the privilege of working with an exceptional group of leaders as we built the foundations for long-lasting success at Goldcorp, including two key new mines that will drive strong, low-cost production for many years. I have tremendous respect for David and look forward to working with him, the board and the management team over the next few months to ensure a smooth transition.”

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