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Centerra Gold CEO Stephen Lang to move to chairman's job, new CEO named

posted on Mar 14, 2012 09:15AM

Centerra Gold CEO Stephen Lang to move to chairman's job, new CEO named

By The Canadian Press | The Canadian Press – 12 minutes agoBy The Canadian Press

TORONTO - Centerra Gold Inc. (TSX:CG.TO - News) said Wednesday that president and chief executive Stephen Lang is moving to the chairman's job effective May 17 after the retirement of Patrick James, the company's current chairman.

The gold miner said Ian Atkinson, the company's senior vice-president of global exploration, would be promoted to the role of president and chief executive.

Lang has served as chief executive since June 2008.

Since Lang will not be considered an independent director, the company said the board plans to name a lead independent director after its annual meeting on May 17.

Centerra, which was spun off from Cameco (TSX:CCO.TO - News) in 2005, owns the Kumtor mine in the Kyrgyz Republic, the Boroo mine in Mongolia and interests in mines in Nevada, Turkey and Russia.

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