North American Palladium Appoints Chief Executive Officer
TORONTO, ONTARIO -- (Marketwire) -- 03/21/13 -- North American
Palladium Ltd. ("NAP" or the "Company") (TSX:PDL)(NYSE MKT:PAL) is
pleased to announce the appointment of Phil du Toit as President and
Chief Executive Officer ("CEO") of the Company, effective March 25,
Mr. du Toit is an accomplished mining executive with a proven track
record for executing on his management mandates throughout his
career. Mr. du Toit brings significant project management expertise
to the CEO role, developed during his 37 years of global experience
in the mining industry which included senior roles for some of the
world's leading mining companies, and the successful development of
multiple large capital projects.
Recently, Mr. du Toit served as Executive Vice President and Head of
Mining Projects and Exploration for ArcelorMittal, the world's
leading integrated steel and mining company, where he was responsible
for mining strategy, exploration, project and business development.
His experience also includes serving as interim CEO of Baffinland
Iron Mines Corp., as well as having held various senior management
positions for Vale, Diavik Diamond Mines (a subsidiary of Rio Tinto
plc), Voest Alpine Inc., and Gencor Ltd. He holds a Bachelor of
Science degree in Civil Engineering from the University of Pretoria
in South Africa.
"We are pleased to welcome Phil to the executive team and look
forward to his leadership in furthering North American Palladium's
growth strategy," said Robert Quinn, NAP's Chairman. "Phil has an
exceptional track record for successfully managing large capital
projects and his expertise will be an asset to our expanding
palladium operations. On behalf of the Board, I would also like to
thank Andre Douchane for his contributions as interim CEO during the
last several months."
"I am very pleased that we were able to attract Phil as CEO," added
Mr. Douchane. "I look forward to working closely with him over the
next several weeks to ensure a speedy and efficient transition."
About North American Palladium
NAP is an established precious metals producer that has been
operating its flagship Lac des Iles mine ("LDI") located in Ontario,
Canada since 1993. LDI is one of only two primary producers of
palladium in the world, and is currently undergoing a major expansion
to increase production and reduce cash costs per ounce. The Company's
shares trade on the NYSE MKT under the symbol PAL and on the TSX
under the symbol PDL.
North American Palladium Ltd.
Director, Investor Relations and Corporate Communications
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