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Thompson Creek Names New Chairman, CEO

By Eric Volkman - Aug 8, 2013 at 10:29PM

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Jacques Perron is to be the firm's chief executive, and Timothy Haddon its chairman, later this year.

Thompson Creek (TCPTF) will have new men occupying its CEO's office, and chairing its board later this year. The company has appointed Jacques Perron to be its chief executive, expecting that he will take up his position by November 1. Perron replaces the retiring Kevin Loughrey, who is also the firm's chairman. Loughrey will be succeeded in that post by current lead director Timothy Haddon, who will advance to the position when Perron becomes CEO.

Perron is a veteran executive in the precious metals sector. He was previously president and CEO of Canada-based St Andrew Goldfields. He also served as senior vice president of IAMGOLD, and was vice president, Canada of a firm IAMGOLD acquired, Cambior.

According to an SEC filing made by Thompson Creek, Perron will earn an annual base salary "of not less than" $550,000, and will be eligible for performance-based bonuses. He will also receive a one-time signing bonus of $200,000 and stock options.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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