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North American Palladium Picks New CEO

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In the course of two months, North American Palladium (NASDAQOTH: PALDD  ) has given itself a whole new upper echelon management team. In January, the precious metals miner appointed Dave Langille to the position of Chief Financial Officer. Thursday, the company chose a new Chief Executive Officer, as well.

Effective March 25, 2013, Phil du Toit will shift from his recent job as Executive Vice President and Head of Mining Projects and Exploration for steelmaker ArcelorMittal to assume the posts of President and CEO at NAP. He will take the place of André Douchane, who has been serving as interim CEO these past several months.

North American Palladium shares, which had traded flat at $1.43 prior to the announcement, reacted positively to this news in the after-hours, gaining 2.8%.


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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 22, 2013, at 11:40 PM, 35167 wrote:

    For the record, over the past 6 years PAL has had 4 CEO's, 3 CFO's, 3 VPEX's, 2 COO's

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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