Richmont Appoints Rene Marion As Non-Executive Chairman

Richmont Mines (TSX:RIC,NYSEMarket:RIC) announced that Mr. Greg Chamandy will resign as Executive Chairman of the Board effective January 1, 2016, but will remain as a director of the Corporation and will continue to be a member of the Corporation’s Technical and Corporate Responsibility Committee. Mr. René Marion, currently an independent director, will be appointed as non-executive Chairman of the Board at that time.
As quoted in the press release:

René Marion joined Richmont’s board in 2013, bringing over 30 years of industry experience, including as past President and CEO of AuRico Gold from 2007 through 2012, and in a variety of roles with increasing responsibility at Barrick Gold Inc. from 1995 through 2007. Mr. Marion is a member of the Association of Professional Engineers of Ontario and the Ontario Society of Professional Engineers. Mr. Marion also serves on the Board of Directors of the public companies Guyana Goldfields Inc. and Continental Gold Inc. Mr. Marion currently sits on Richmont’s Audit and Human Resources and Compensation Committees and is also the Chair of the Governance and Nominating Committee, and Chair of the Technical and Corporate Responsibility Committee. Mr. Marion resides in Toronto, Ontario.
René Marion joined Richmont’s board in 2013, bringing over 30 years of industry experience, including as past President and CEO of AuRico Gold from 2007 through 2012, and in a variety of roles with increasing responsibility at Barrick Gold Inc. from 1995 through 2007. Mr. Marion is a member of the Association of Professional Engineers of Ontario and the Ontario Society of Professional Engineers. Mr. Marion also serves on the Board of Directors of the public companies Guyana Goldfields Inc. and Continental Gold Inc. Mr. Marion currently sits on Richmont’s Audit and Human Resources and Compensation Committees and is also the Chair of the Governance and Nominating Committee, and Chair of the Technical and Corporate Responsibility Committee. Mr. Marion resides in Toronto, Ontario.

Richmont Mines Executive Chairman, Greg Chamandy, stated:

My confidence in the new Richmont management team led by Renaud Adams has grown substantially as he and the team continue to deliver solid quarter over quarter results and as they position our flagship Island Gold mine for the next phase of its growth strategy. I also believe that René Marion has the industry background and board experience to assume the role of non-executive Chairman. So at this pivotal phase in Richmont’s transformational growth strategy, I felt that this was the optimal time to make these changes. I am confident that Richmont is in great hands and I look forward to continued success for the Corporation, its employees, and its shareholders. I look forward to continuing to support the Corporation in my role as a Director, and as the Corporation’s largest shareholder.

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