Resolute Mining CEO quits job in wake of Mali ordeal

TERRY Holohan, CEO of Resolute Mining, has resigned from his post just over two months after being released from detainment by the Mali government.The UK-listed gold miner said in a statement on Monday that Holohan would leave his position with immediate effect. Discussions regarding a proposed settlement are underway. Acting CEO Chris Eger will take up the position on a full-time basis.Resolute’s CFO, who is thought to have been detained with Holohan in Mali, has also resigned. He will be replaced by formerly acting CFO Dave Jackson.Holohan was held for 10 days in November following a meeting with Malian authorities intended to resolve a dispute over unpaid tax claims.Resolute said at the time the claims were unsupported but the company agreed to a $360m cash settlement prior to Holohan’s release from detainment.The departure of Holohan is a mighty blow for Resolute. Formerly the firm’s COO, Holohan brought operational nous to Resolute with a focus on restoring the efficiency of the firm’s Syama mine in Mali. Holohan “played an important role in the team that has improved operational performance across our business”, said Andrew Wray, Resolute’s chairman.Eger previously held positions at Chaarat Gold, Nyrstar, Trafigura (in charge of mergers and acquisitions), Bank of America and BMO Capital Markets. He has a degree in physics from Colgate University and an MBA from the Kellogg School of Management at Northwestern University.Jackson previously was at Endeavour Mining in various financial roles in Africa and London most recently as Vice President, Group Controller.The post Resolute Mining quits job following Mali ordeal appeared first on Miningmx.Weiter zum vollständigen Artikel bei Mining.com Weiter zum vollständigen Artikel bei Mining.com