Kinross Gold Fires CEO Burt, Replacing Him With Rollinson
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Kinross Gold Corp., a Canadian gold producer that has lost almost a third of its value this year, fired Chief Executive Officer Tye Burt and promoted another investment banker, J. Paul Rollinson, to replace him.
Rollinson, the company’s executive vice president of corporate development and a former banker at Scotia Capital, also replaces Burt on the company’s board, Toronto-based Kinross said yesterday in a statement. The CEO change was needed to guide Kinross through its “capital and project optimization process,” the company said.