Thompson Creek (NASDAQOTH: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.