Goldcorp Inc Gets A New CEO
Kevin McArthur, Ex-CEO of world's third largest gold producer Goldcorp Inc retired from the posts of Company's President and Chief Executive Officer on December 31st 2008. The man with a midas touch has been replaced by super-enigmatic Charles "Chuck" Jeannes, as the new President and Chief Executive Officer of Goldcorp Inc.
Goldcorp Inc is based in Northern American country of Canada, has various prestigious projects in the pipeline. The record productions of the company in 2006, brought it up as the largest gold producer in Canada. However, since the merger with the Glamis Gold Company the Goldcorp has not seen back. It is raging a revolution with the streamlining of its workforce, exploration and mining technology.
Although, Kevin McArthur has retired but he will serve through the 2009, as the Advisor to the CEO. He will also serve as a director on the Goldcorp's board. The decision to step down from the post of CEO and retire was personal for Kevin McArthur. Some of his personal considerations also compelled him to go ahead with the decision. However, his stepping aside did not mean a leadership crisis for the world's third largest gold mining company. It was a time for them to reflect on the sound management principles and the leadership within to step up for the big show. The board did exactly what was right for the company by naming the most eligible and appropriate man to replace Kevin McArthur as CEO.
Charles Jeannes more commonly referred as Chuck Jeannes in Goldcrop is a close colleague as well as business partner of Kevin McArthur for over 20 years.He is one of the most known faces and top professionals of the gold mining industry. Before being appointed as the new President and CEO of Goldcorp, he was serving as Goldcorp's Executive Vice President, Corporate Development.
Mr. Charles Jeannes has enormous experience in various capacities in the natural resources sector. To be precise he is over 25 years of experience behind him. Before joining Goldcorp Inc., he was serving Glamis Gold as its Executive Vice President. He was instrumental in that company's success in the gold mining business. During his tenure, Glamis Gold made important acquisitions of the Marlin and El Sauzal mines. Even the world-class Penasquito project was won by Glamis Gold with him on board.
The charismatic man was initially a lawyer specializing in mineral transactions as well as permitting and mining regulatory matters. Before being on Glamis Gold board, he also served as the Vice President of Placer Dome. He was responsible for the company's complete business in North America.
The transition period is ought to be smooth as both the outgoing and incoming new CEO are close friends for longtime. The board members were instrumental in naming the new CEO and ready to don the new leadership in the New Year. The presence of Kevin McArthur as the advisor will also help smooth the process by helping him understand and accept his new role better. Goldcorp is the lowest-cost and fastest growing gold producer in the world.