Yamana Gold Appoints Female Directors to All-Male Board

Yamana Gold Inc. (YRI) added two female directors to end its status as the largest Canadian gold miner without a woman on its board.

Yamana appointed Christiane Bergevin and Jane Sadowsky as directors, the Toronto-based company said in a statement today. Their addition “reflects the board’s focus on broadening diversification,” the company said.

The Canadian government is seeking to increase the representation of women on boards to 30 percent within five years, Kellie Leitch, the minister for women’s issues, said last month. Women account for 11 percent of the boards of the 235 companies in the Standard & Poors/Toronto Stock Exchange Composite Index, according to data compiled by Bloomberg.

Yamana follows moves by other mining companies to increase female board representation. Glencore Plc, which was the last company left on the U.K.’s FTSE 100 Index with an all-male board, in June appointed mining executive Patrice Merrin as a director. Barrick Gold Corp., the largest gold producer, added a second female director in April.

First Quantum Minerals Ltd., based in Vancouver, is the largest Canadian mining company without a woman on its board, according to data compiled by Bloomberg.

To contact the reporter on this story: Liezel Hill in Toronto at lhill30@bloomberg.net

To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net Robin Saponar, Steven Frank

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