News Out!!
Golden Star Appoints Interim President and CEO
4:01p ET December 20, 2007 (Business Wire)
Golden Star Resources Ltd. (AMEX: GSS) (TSX: GSC) ("Golden Star" or the "Company") today announced that Mr. Tom Mair has been appointed Interim President and CEO effective January 1, 2008, at which time Mr. Peter Bradford will be stepping down as President and CEO of the Company.
Mr. Mair has more than 25 years of international business experience in the natural resources industries. Prior to joining Golden Star as Chief Financial Officer in February of this year, Mr. Mair was employed by Newmont Mining Corporation in a number of key roles, including Director, Business Process Improvement; group financial executive at Minera Yanacocha, Peru; Regional Controller Winnemucca, Nevada and President-Director PT Newmont Minahasa Raya, Indonesia.
"Tom has played an integral role in consolidating and strengthening the Company's financial systems and overall financial health," says Mr. Ian MacGregor, Chairman of Golden Star's Board of Directors. "Likewise, his membership on our Executive Management Team to help steer the overall direction of the organization has provided him with the solid foundation needed to step into his new role."
As he takes on the Interim CEO title, Tom will temporarily relinquish his CFO and Corporate Secretary positions. Mr. Roger Palmer, currently Vice-President, Finance and Controller for Golden Star, has been named Interim CFO and Compliance Officer, and Mr. Bryant Veazey, Treasurer for Golden Star, has been named Interim Corporate Secretary.
COMPANY PROFILE
Golden Star holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden Star (Wassa) Limited, which respectively own the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 233 million shares outstanding.
Statements Regarding Forward-Looking Information: Some statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Such statements include comments regarding the timing of the resignation of the incumbent President and CEO and the timing of the appointment of the interim President and CEO and Interim Chief Financial Officer. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other factors in our Form 10-K for 2006, as amended.
SOURCE: Golden Star Resources Ltd.
