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Osisko Gold Royalties Announces Appointment of Paul Martin as Interim CEO
MONTREAL, July 05, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko” or the “Corporation”) (OR: TSX & NYSE) today announced the appointment of Mr. Pa
About this update from Or Royalties Inc.
[{"type":"text","content":" MONTREAL, July 05, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko” or the “Corporation”) (OR: TSX & NYSE) today announced the appointment of Mr. Paul Martin, an experienced mining executive, as its interim Chief Executive Officer, and the departure of its President and Chief Executive Officer, Mr. Sandeep Singh, effective immediately. Osisko’s Board of Directors has commenced a search for a new permanent President and Chief Executive Officer. Mr. Martin has significant experience in multi-operational, internationally focused mining companies. His appointment will ensure a smooth transition and continuity of Osisko’s existing disciplined strategy while the Board undertakes its search for the new President and Chief Executive Officer. Osisko also announced today that Mr. Sean Roosen will be transitioning from his role as Executive Chair of the Board to non-Executive Chair of the Board, effective immediately. This change reflects Mr. Roosen’s desire to focus more on his role at Osisko Development Corp., while maintaining his valuable insights and guidance within the Corporation. “The Board remains committed to continuing our focus on prudent capital allocation and ensuring sustainable value creation,” said Ms. Joanne Ferstman, Osisko’s Lead Director, on behalf of the Board. “After careful consideration, the independent directors unanimously concluded that a change of CEO was necessary to best position Osisko for continued long-term success. As part of our commitment to continuous governance improvement, we are also pleased to announce Mr. Roosen’s transition into the more traditional role of Chair of the Board. We look forward to his continued significant contributions to sustainable value creation at Osisko.” “I want to thank Mr. Martin for stepping into the interim role and facilitating a smooth transition as the Board undertakes a thorough search for our next Chief Executive Officer,” said Mr. Roosen, Chair of the Board. “Osisko is stronger than ever, and the changes announced today will best position us as we enter the next exciting growth phase of our business.” Mr. Martin has more than 30 years of leadership experience in the mining industry. He served as President and Chief Executive Officer of Detour Gold Corporation from 2013 to 2018, after serving as Deto...