Business
Sprott Inc. announces appointment of Peter Grosskopf as CEO and Director
Sprott Inc. announces appointment of Peter Grosskopf as CEO and Director
About this update from Sprott Inc.
[{"type":"text","content":"\n\n\n\n Jul. 13, 2010 (Canada NewsWire Group) -- (TSX: SII) - Sprott Inc. ("Sprott" or the "Company") is pleased to announce that Peter Grosskopf has agreed to join the Company as Chief Executive Officer and as a member of the Company's Board of Directors, effective September 7, 2010. Mr. Grosskopf will also serve as President and Chief Executive Officer of Sprott Resource Lending Corp. (currently Quest Capital Corp. ("Quest")), which, subject to the approval of Quest's shareholders, will be managed by Sprott Consulting LP ("Sprott Consulting") or an affiliate thereof.\nThe appointment of Mr. Grosskopf demonstrates how Sprott continues to attract top investment talent to the Company. At Sprott, Mr. Grosskopf will be responsible for developing and implementing its overall strategy with the objectives of maximizing shareholder value and benefitting investors in Sprott managed investment products. He will also strengthen the business activities of Sprott Consulting using his capital markets experience.\nKevin Bambrough will continue in his role as President of Sprott Inc. where he will focus on new investment strategies and supporting Mr. Grosskopf in corporate and business development activity. Mr. Bambrough will also remain as CEO of Sprott Consulting where he will be responsible for leading its operations and growth.\nIn conjunction with the appointment of Mr. Grosskopf to the Sprott Inc. Board of Directors, Eric Sprott will assume the position of Chairman of Sprott Inc. and Chief Investment Officer of Sprott Asset Management LP. The current Chairman of Sprott Inc. Jack Lee will serve as Lead Director, while Peter Hodson, Senior Portfolio Manager at Sprott Asset Management LP, will be stepping down from the Board at this time. Mr. Hodson remains lead Portfolio Manager for the Sprott Growth Fund and Chairman of Sprott Asset Management LP. The Board wishes to thank Mr. Hodson for his service as a director of Sprott Inc. and looks forward to his continued input as a valued member of the Sprott investment management team.\n"I am extremely pleased to have Peter Grosskopf succeed me as CEO of Sprott," said Mr. Sprott. "Peter has the skills and experience necessary to manage the Company's growth initiatives. He will be instrumental in helping to build both new and existing busines...