HomeGoldIAMGOLD CEO steps down

IAMGOLD CEO steps down

Joseph Conway who
steps down next week
Toronto, Canada — MININGREVIEW.COM — 05 January 2009 – IAMGOLD Corporation “’a leading mid-tier gold mining company listed on the Toronto and New York stock exchanges, and owner of gold mines in West Africa and South America “’has announced that its CEO Joseph Conway will leave the company after an expansion that helped it outperform its larger peers last year.

In a statement issued here IAMGOLD confirmed that Conway would step down on 15 January after seven years in the post, and that the company’s directors had appointed a committee to find a permanent replacement. Peter C. Jones, a company board member and a former Inco Limited executive, would temporarily fill the position.

Conway leaves IAMGOLD amid an expansion that helped the company make gains in 2009 Toronto trading that surpassed many of its competitors, including Barrick Gold Corporation “’ the largest producer of the precious metal, and Goldcorp Incorporated “’ the second biggest by market value. Iamgold raised 2009 production guidance to as much as 950 000 ounces from an earlier estimate of 880 000 ounces.

Conway said in today’s statement that he and the board of directors had “agreed it would be an appropriate time for me to step down.”

IAMGOLD spokeswoman Tamara Brown did not return messages left by Bloomberg News on her voicemail.