Bonterra Resources, a Canadian gold exploration company, announced on Wednesday that its President and Chief Executive Officer, Marc-André Pelletier, has resigned from his positions, effective May 31. Pelletier is leaving voluntarily to pursue other career opportunities and has also stepped down from the company's board of directors.
Transition Arrangements and Interim Leadership To ensure a smooth transition, Pelletier has agreed to continue serving the company in an advisory capacity until December 31, 2026. The board of directors has appointed current Chairman Cesar Gonzalez as the interim Chief Executive Officer, who will oversee daily operations while a permanent successor is sought. The board stated it will initiate a comprehensive CEO search process, considering both internal and external candidates.
Company Strategy and Operations Unaffected Bonterra emphasized in its statement that this management change will not impact the company's strategic priorities or daily operations. The Chairman, while thanking Pelletier for his years of contribution, stated that the board will work closely with the management team to ensure business continuity during the transition period.
Company Background Bonterra Resources is a gold exploration company headquartered in Val-d'Or, Quebec, with a portfolio of multiple gold assets in the province. The company has previously entered into a profitable joint venture agreement with a subsidiary of Gold Fields regarding the Barry project, whereby Gold Fields has the right to earn a 70% interest in the project by funding CAD 30 million in exploration expenditures.
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