Detour Gold names Paulson backed Bill Williams as interim CEO
Mining News Pro - Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim CEO, replacing Michael Kenyon.
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According to Mining News Pro - The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson`s hedge fund, which pushed for a complete overhaul of the board and Kenyon`s resignation.
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Williams is a mining industry veteran and was a former CEO of gold and copper miner Orvana Minerals Corp.

He was one of five members elected to the Detour Gold board at a special shareholders meeting held on Dec. 13. These nominees were backed by Paulson, which alleged that under the leadership of Kenyon the company had "unsuccessfully tried to boost short-term performance".


Shares of the company were up 1.5 percent at C$11.93 in early trade.The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson`s hedge fund, which pushed for a complete overhaul of the board and Kenyon`s resignation.


Williams is a mining industry veteran and was a former CEO of gold and copper miner Orvana Minerals Corp.

He was one of five members elected to the Detour Gold board at a special shareholders meeting held on Dec. 13. These nominees were backed by Paulson, which alleged that under the leadership of Kenyon the company had "unsuccessfully tried to boost short-term performance".
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Shares of the company were up 1.5 percent at C$11.93 in early trade.


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