Paladin Energy CEO steps down

Paladin Energy’s founder and CEO John Borshoff is leaving the company.

The Paladin board thanked Borshoff for his dedication and contribution to the company, which he founded in 1993.

“On behalf of the board, I cannot thank John enough for having the vision, tenacity and spirit to create and lead Paladin,” non-executive chairman Rick Crabb said.

Alexander Molyneux, a former investment banker and current mining executive, has been recruited as an interim CEO.

According to Paladin, Molyneux’s core mandate will be to continue the optimisation of Paladin’s overall cash flow and to focus on accelerating strategic initiatives. 

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