Following the resignation of its Managing Director and CEO Stuart Gale, Australian-based and African-focused Resolute Mining has tapped its own COO Terry Holohan to transition to new responsibilities as CEO.
Holohan, who was appointed COO in May 2021, has since been responsible for all aspects of operations and projects and played a significant role in resetting operations at its Syama mine in Mali. He has 40 years of industry experience with seven years serving as CEO for two mining companies.
Resolute said Gale will also cease to be a director of the company, though in accordance with Resolute’s constitution, he will continue to work during his contractual notice period to ensure a smooth transition.
Resolute chairman Martin Botha said that strengthening its senior leadership team has been a strategic focus for the miner.
“This attention to succession planning will allow us to manage the current transition with minimal disruption to the business,” he said.
“Terry’s deep technical and operational expertise, as well as his extensive experience in working in Africa will be of particular relevance to the company during the current focus on operational improvement and repositioning for improved shareholder returns.”
Terms and conditions for Holohan’s employment as CEO will be finalised once he formally takes over the seat.
Source: Resolute Mining