J. Paul Rollinson has been appointed to the Kinross board of directors as the new CEO of Kinross.
Rollinson will replace Tye W. Burt both as CEO and on the board of directors. Rollinson previously served as Kinross’ executive vice president of corporate development, according to Mining Reporter.
“On behalf of the entire board of directors, I would like to thank Tye Burt for his significant contributions to Kinross over the past seven years,” Chairman of the Board John Oliver said, Mining Reporter reports. “Under Mr. Burt’s leadership, Kinross became one of the world’s premier gold mining companies.”
The board highlighted some of Burt’s achievements, including a significant upgrade of the company’s asset portfolio that expanded operations to nine mines and five development projects. Burt also helped build a more geographically diverse portfolio for the company and brought an increase of gold resources and production to Kinross, as well as a stronger balance sheet with increased overall cash flow. Burt also helped to hire a highly capable senior management team with a diverse array of industry experience.
Rollinson brings mining industry experience as well as investment banking and corporate development experience to Kinross. He holds a B.Sc with honors in geology and an M.Eng in mining. While working as an investment banker, Rollinson worked in the mining, power/utilities, forestry and industrial sectors in senior positions.
“I am honored to accept the opportunity to lead Kinross,” Rollinson said, according to Mining Reporter. “The company has many strengths and great assets, including outstanding people at all of its operations, development projects and corporate offices. I look forward to working with all of our employees to realize the company’s great potential.”