Goldcorp CEO Chuck Jeannes To Retire; David Garofalo Named Successor

(RTTNews) - Gold producer GOLDCORP INC. (G.TO, GG) announced that its President and Chief Executive Officer Chuck Jeannes will retire following the company's Annual General Meeting in April 2016. Jeannes has led Goldcorp since January 2007 and has been with Goldcorp and its predecessor company Glamis Gold Ltd. for nearly 17 years.

Goldcorp announced that David Garofalo, currently President and Chief Executive Officer of HudBay Minerals Inc. (HBM.TO, HBM), will succeed Jeannes as President and Chief Executive Officer and will join its board.

Garofalo has worked in various capacities in the natural resources sector over the last 25 years. Before joining Hudbay, David served as Senior Vice President, Finance and Chief Financial Officer with Agnico-Eagle Mines Limited from 1998 to 2010.

Meanwhile, Hudbay announced that it has appointed Alan Hair as President and Chief Executive Officer, effective January 1, 2016, as Garofalo has provided notice of his resignation.

G.TO closed Friday's session at C$17.03, while GG closed the day's session at $12.73.