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Chuck Jeannes is stepping down as chief executive of Goldcorp Inc. after leading the Vancouver miner through the heights of the commodity boom as well as the more recent slump in precious metals.
His resignation takes effect following Goldcorp’s annual general meeting in April. He will be replaced as president and chief executive by David Garofalo, president of HudBay Minerals Inc., a Toronto-based miner of copper, zinc and gold.
“It’s something I’ve been planning for a while,” Mr. Jeannes, 67, said in an interview. “It’s time to let someone else take the reins. Change is good for an organization.”
He said he planned to remain involved in the mining industry but not in a full-time capacity.
Mr. Garofalo has been at Hudbay since 2010. Before that, he was chief financial officer at Agnico Eagle Mines Ltd. He was named Mining Person of the Year by Northern Miner Magazine in 2012.
“I’ve known David for a long time,” Mr. Jeannes said. “He’s been very successful at everything he’s done and I expect him to be a big success at Goldcorp.”
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