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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 progress and execution of the company’s strategic expansion strategy. Most recently, Paul was Executive Vice President, Chief Strategy Officer and Chief Commercial Officer at Eldorado, and his day-to-day jobs included country control (Canada, Greece and Turkey), investor relations, sales and marketing, business improvement, as well as supply chain and purchasing. . Paul joined the company as Senior Vice President and Chief Growth and Integration Officer. In this role, Paul was Eldorado’s lead negotiator for the Skouries project financing facility, which effectively closed at very competitive rates in early 2023. Prior to joining Eldorado Gold, Paul spent up to two decades at Repsol SA (and Talisman Energy), most recently as Chief Executive Officer at the helm of Repsol’s North American oil and fuels division. At Repsol, Paul held senior leadership positions in corporate, operational and functional spaces adding finance, investor relations, strategy, commercial, plan development and business functionality control.
In addition to his 30 years’ experience in the resources sector, Paul is also a Chartered Accountant and a Fellow of the Institute of Chartered Accountants of England and Wales. In his new role as Chief Financial Officer, Paul will continue in his current role, with the exception of Investor Relations and Country Management, which he will serve through other members of the control team. Paul will also be responsible for Human Resources.
“On behalf of Eldorado’s board and management, I would like to thank Phil for his dedication and significant contributions to the company over the past five years,” said George Burns, President and Chief Executive Officer. “We wish he and his family the very best in his well-deserved retirement.”
“Since joining Eldorado, Paul has gradually taken on more responsibilities, has particularly contributed to the overall good fortune of the organization and has become the greatest asset 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 cash 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 of Communications 236 885 6251 or 1 888 353 8166 chad. pederson@eldoradogold. com