Gold Road Resources (ASX: GOR) has called curtains on a transformational chapter in its evolution, with news that long-serving managing director Ian Murray will retire. Mr Murray, whose decade-long tenure saw Gold Road’s market value jump from under $10 million to more than $600 million, will hand over the reins to AngloGold Ashanti senior executive and experienced gold mine operator Duncan Gibbs.
Gold Road Resources Limited (Gold Road or the Company) wishes to advise the pending retirement of Ian Murray as Managing Director and Chief Executive Officer of the Company, and the appointment of his successor, Duncan Gibbs.
The transition will take effect from 17 September 2018, with Mr Murray remaining a director and assisting Mr Gibbs in the handover until the end of 2018.
This transition process assisted by Derwent Executive, an international executive search firm, has been under way since the start of this year after Mr Murray informed the Gold Road Board of his wish to retire once construction of the Gruyere Gold Project was nearing completion.
Mr Gibbs has significant relevant experience as General Manager at leading global gold producer AngloGold Ashanti’s Sunrise Dam and Tropicana gold mines. In Mr Gibbs, Gold Road has found a highly credentialed successor to continue leading the transition from a well-funded exploration and development company to a financially strong business with a 50% stake in the world-class Gruyere Gold Project and further exciting growth opportunities.