Capricorn Metals Limited (ASX:CMM) Announces CEO Retirement
CEO Retirement Announcement
Capricorn Metals Limited (ASX:CMM) has announced the retirement of Chief Executive Officer (CEO) Kim Massey at the end of January 2025. Under Massey’s leadership over the past five years, the company has transitioned into a low-cost gold producer with multiple growth projects.
Succession Plan
Effective February 3, 2025, Paul Criddle, currently Chief Operating Officer (COO), will take over as CEO. Criddle, a metallurgist with extensive experience in operating gold mines, joined Capricorn in May 2024 and has been integral in enhancing the Karlawinda Gold Project and managing significant development activities.
The board has emphasized the importance of a well-planned transition to ensure stability. Tony Hinkey has been promoted to COO, and Shane Clark will be the new Chief Development Officer (CDO), strengthening the management team’s capabilities.
Executive Comments
Mark Clark, Executive Chairman of Capricorn, expressed gratitude for Kim Massey’s contributions, stating, “The growth of Capricorn to a high-quality, low-cost gold producer is a great credit to Kim’s tenure as CEO.” He welcomed Paul Criddle’s leadership and emphasised the team’s readiness to advance Capricorn’s growth initiatives while ensuring continued shareholder returns.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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