(Source: Canada Newswire)
TORONTO, Aug. 31 /CNW/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced the appointment of Alex J. Davidson to the Company's Board of Directors. Mr. Davidson was the executive vice president of exploration and corporate development at Barrick where he has been for over 16 years. He has over 25 years of international mining company experience and has been recognized for his contribution to the industry. Mr. Davidson is a recipient of the A.O. Dufresne Award by the Canadian Institute of Mining, Metallurgy and Petroleum in 2005 and was named Prospector of the Year by the Prospectors and Developers Association of Canada. He has received his B.Sc. and his M.Sc. in Economic Geology from McGill University.
Yamana's Board of Directors is now comprised of Peter Marrone (chairman), Patrick Mars (lead director), John Begeman, Alex Davidson, Richard Graff, Robert Horn, Nigel Lees, Juvenal Mesquita, Carl Renzoni, Antenor Silva (formerly president of Yamana and now retired from management as part of a planned succession) and Dino Titaro.
"Alex brings significant exploration and development experience to our Board," said Peter Marrone, Yamana's chairman and chief executive officer, "We are delighted at his appointment and his contribution to our continuing growth efforts in the upcoming years."
Yamana also announced the promotion of Ludovico Costa as president, supplementing his role as chief operating officer. Mr. Costa has held the position of chief operating officer and most senior operations officer prior to that since early 2006. He is responsible for developing the Company's operations plan with the full support of the entire operations team. The Company's operations, technical services and development teams report directly to Mr. Costa who reports directly to the chairman and chief executive officer. Prior to joining Yamana, he was in operational and management functions for over 17 years at Rio Tinto and Companhia Vale do Rio Doce (Vale). He has over 28 years of mining experience in South America.
"Ludovico brings an extraordinary character and strong technical knowledge that distinguishes him as a leader in the industry," said Peter Marrone, "Since joining Yamana, first as vice president of operations and later COO, Ludovico has tirelessly and consistently demonstrated strong commitment to achieving results, a very high sense of cost consciousness and strict adherence to health, safety and environment principles. We learned to appreciate Ludovico's impressive way of leading people, as well as his persistence and loyalty. There is no one better suited to lead Yamana's operations and technical teams."
In addition, Yamana announced the promotion of Charles B.
