Make Kitco Your Homepage

Franco-Nevada names CEO designate, board chair

Kitco News

Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

Streaming giant Franco-Nevada said yesterday that Paul Brink is the company's CEO designate and will be appointed to the position at the company's AGM in May 2020.

With Pierre Lassonde planning to step down next year, David Harquail will become the non-executive chair of the company's board of directors. He will ascend to the role during the AGM, too.

Pierre Lassonde will hold the position of Chair Emeritus Designate.

"Pierre and Seymour Schulich were co-founders of the original Franco-Nevada and pioneered the concept of mining royalty companies with the acquisition of the Goldstrike royalty in 1985," said the company in a news release. "Pierre has served as non-executive Chair of the new Franco-Nevada since its IPO in 2007. Under his leadership, the new Franco-Nevada has had an outstanding trackrecord of creating value for its shareholders. With Pierre’s continuing role, Franco-Nevada hopes to benefit from his advice for many years to come."

Franco-Nevada Corporation is a gold-focused royalty and stream company.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.