Gold Miner CEO Cancels Putin Forum Trip Amid Unrest

The chief executive officer of Canadian gold producer Iamgold Corp. (IMG) canceled a trip to a Russian economic forum hosted by President Vladimir Putin amid the threat of tougher U.S. sanctions over the unrest in Ukraine.

Political “sensitivities” played a role in CEO Steve Letwin’s decision not to attend the event next month, according to Bob Tait, a spokesman for the Toronto-based company. Tait spoke in a telephone interview today.

Citigroup Inc. said yesterday that its CEO, Michael Corbat, withdrew from the St. Petersburg International Economic Forum and that other bank executives would go in his place.

To contact the reporter on this story: Liezel Hill in Toronto at

To contact the editors responsible for this story: Simon Casey at Stephen Cunningham

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