Goldcorp (TSX:G) will wave goodbye to its CEO of nearly nine years this spring.
Chuck Jeannes says he’ll be ready to retire from the world’s largest gold-mining company following an annual general meeting in April 2016.
The Vancouver-based company announced Friday (December 4) it already has a succession plan in place, with HudBay Minerals (TSX:HBM) CEO David Garofalo tapped to leave his Toronto firm to take over on the West Coast.
Jeannes, who was born and raised in Nevada, moved to Vancouver in 1997 and worked as in-house legal counsel for Placer Dome.
He took a job with Glamis Gold in 1999 before Goldcorp bought out that company in 2006, paving the way for Jeannes’ role as CEO the following year.
The past year has been a trying one for Goldcorp amid slumping commodity prices.
The miner was forced to write down $2.3 billion on its new Cerro Negro mine in Argentina.
It also sought major cost-cutting measures with Teck Resources (TSX:TCK.B) by forming a $3.5-billion joint venture in Chile, combining their respective gold and copper projects in the region.
FURTHER READING: Business in Vancouver profile on Chuck Jeannes
