Business
Royal Gold Names Tony Jensen Chief Executive Officer; Stanley Dempsey Remains Executive Chairman
Royal Gold Names Tony Jensen Chief Executive Officer; Stanley Dempsey Remains Executive Chairman.
About this update from Red Lake Gold Inc
[{"type":"text","content":"\n\n\n\n\nDENVER, May 24 /CNW/ -- ROYAL GOLD, INC.\n(Nasdaq: RGLD; Toronto: RGL), the leading precious metals royalty company,\ntoday announced its Board of Directors has elected President and Chief\nOperating Officer Tony Jensen to the position of Chief Executive Officer\neffective July 1, 2006. Stanley Dempsey will step down as CEO but remain\nExecutive Chairman of the Board of Directors and will continue to be involved\nin the Company's strategic activities.\n\"Stanley Dempsey has been a driving force behind Royal Gold's success as a\nroyalty company, enhancing the Company's value for its shareholders for nearly\ntwo decades,\" said John Goth, an independent director and chairman of the\nBoard's nominating committee. \"The Board has valued Stan's leadership and we\nare pleased that he will remain Chairman and continue to work closely with\nTony to provide strategic support in all aspects of the Company's business.\"\nStanley Dempsey stated that, \"Tony has demonstrated outstanding leadership\nand management acumen since joining Royal Gold as President and COO\napproximately three years ago. He has played a major role in making Royal\nGold what it is today, and the Company is fully prepared for a smooth\ntransition. Like all the other members of the Board, I have complete\nconfidence that Tony has the strategic thinking, industry knowledge and\ndedication to all of our shareholders to successfully lead this Company into\nthe future. Supporting Tony is an outstanding team of people whose commitment\nto this Company has produced exceptional results and established a solid\nplatform for future growth.\"\n\"I am honored to be assuming the CEO responsibilities,\" commented Jensen.\n\"Stan has tirelessly dedicated himself to Royal Gold and has built a very\nsuccessful company. Royal Gold is in excellent financial shape and has a\ngreat growth profile. I look forward to furthering the goals of the Company\nthorough continued expansion of our precious metals royalty portfolio.\"\nTony Jensen has more than 23 years of experience in the mining industry.\nDuring his career, Tony worked at Placer Dome Inc., holding various senior\noperating positions domestically and internationally, as well as corporate\npositions in San Francisco, California, and Santiago, Chile. He was also the\nMine General Manager for the Cortez Gold Mines, and Direc...