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VANCOUVER, British Columbia, January 2, 2024 (GLOBE NEWSWIRE) — Eldorado Gold Corporation (“Eldorado” or the “Company”) announced the appointment of Paul Ferneyhough as Executive Vice President and Chief Financial Officer of the Company, effective immediately. , January 2, 2024. Sr. Ferneyhough will succeed Philip Yee, who will retire on the same date.
Paul Ferneyhough joined Eldorado Gold in May 2021 to oversee the development and execution of the Company’s strategic growth strategy. Most recently, Paul was Executive Vice President, Chief Strategy & Commercial Officer of Eldorado, with accountabilities including Country Management (Canada, Greece and Turkiye), Investor Relations, Sales & Marketing, Business Improvement, and Supply Chain & Procurement. Paul joined the Company as Senior Vice President, Chief Growth and Integration Officer. In that role, Paul was Eldorado’s lead negotiator for the Skouries Project Financing Facility that was successfully closed at very competitive rates in early 2023. Prior to joining Eldorado Gold, Paul spent nearly two decades with Repsol SA (and Talisman Energy), most recently as Executive Director leading Repsol’s North American upstream oil and gas division. At Repsol, Paul held progressively senior leadership roles in corporate, line and functional areas including finance, investor relations, strategy, commercial, planning and business performance management.
In addition to his 30 years of resource industry experience, Paul is also a Chartered Accountant and a member of the Institute of Chartered Accountants of England and Wales. In his new role as CFO, Paul will retain his current reporting lines except for Investor Relations and Country Management, responsibility for which will be assumed by other members of the Executive team. Paul will also assume responsibility for Human Resources.
“On behalf of Eldorado’s board of directors and management, I would like to thank Phil for his determination and significant contributions to the company over the past five years,” said George Burns, President and Chief Executive Officer. “We wish him and his family all the most productive in his well-deserved retirement. “
“Since joining Eldorado, Paul has gradually taken on more responsibilities, contributed particularly to the overall good fortune of the organization, and has become the most fortunate as CFO. I look forward to continuing to work intensively with Paul as we continue to focus on unlocking price in our portfolio, optimizing our fee structure, and transitioning to sustained flexible money generation over the next two years,” added Mr. Burns.
About Eldorado Gold
Eldorado is a gold and basic steel manufacturer with mining, progression and exploration operations in Turkey, Canada and Greece. The Company has a highly professional and committed workforce, and culpable operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s non-unusual stock industry on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Contact
Investor Relations
Lynette Gould, Vice President of Investor Relations 647-271-2827 or 1-888-353-8166 lynette. gould@eldoradogold. com
Media
Chad Pederson, Director, Communications236 885 6251 or 1 888 353 8166 [email protected]