Northgate Minerals Announces Retirement of President and CEO Ken Stowe

Northgate Minerals Corporation (TSX:NGX,NYSE:NXG) reports that its President and CEO, Ken Stowe, intends to retire.

The press release is quoted as saying,

Mr. Stowe joined Northgate in 1999 and has been CEO since 2001. Mr. Stowe shared his retirement plans now to provide ample time to complete the recruitment and hiring process. A search will be conducted with the goal to select and transition to a new President and CEO by the end of 2011. The Board has designated the Corporate Governance and Compensation Committee, chaired by Mark Daniel, to oversee a comprehensive search process to identify Ken’s successor, taking both internal and external candidates into consideration.

For the complete press release, click here.