John Welborn has decided to step down from his position as managing director and chief executive of Resolute Mining after a five-year stint at the company.
Resolute chairman Martin Botha said Welborn had worked hard to reposition and transform the business during his tenure.
He was instrumental in Resolute’s dual-listing on the London Stock Exchange.
“The time is right to introduce a new CEO to take Resolute forward, to deliver improvement in operational outcomes and resilience, and to deliver the next phase of sustainable value for the company,” Botha said.
Resolute has appointed company chief financial officer Stuart Gale as interim chief executive.
He joined Resolute in January this year after previously holding senior executive positions at Fortescue Metals Group and Wesfarmers.
Resolute is focussed on updating life of mine plan at the Syama gold mine in Mali this quarter and assessing the potential of a new underground gold mine at Tabakoroni.
The Tabakoroni operation is 35 kilometres south of the Syama processing plant in West Africa.
Resolute expects that establishing underground operations at Tabakoroni will sustain Syama’s production at around 250,000 ounces a year.