Woodyer will be appointed non-executive chairman of the board of directors of Endeavour Mining.
De Montessus has been the president and a director of Endeavour Mining since November 2015 and prior to this was CEO of the La Mancha Group and CEO of uranium producer Areva Mining.
Endeavour Mining says that these governance changes are to take effect upon the completion of the company’s AGM, which is expected to be held on 28 June, 2016.
The board of directors thanked Woodyer for his significant contribution to the growth of the company and welcomed De Montessus who brings a proven management track-record and a large experience in African mining operations.
Michael Beckett, the chairman of the board of directors will remain an independent director.
“Neil has shown exceptional vision and leadership throughout his six-year tenure, and, as founder of Endeavour, has grown the company into an intermediate gold producer with five operating mines and opportunities for growth.
“On behalf of the Board of Directors, management and Endeavour employees, I want to thank Neil and recognize him for establishing the Endeavour we know today,” Beckett noted in a statement.
Woodyer commented, “I am very proud of Endeavour’s team and our accomplishments to date. We now have a committed and long term strategic relationship with our main shareholder Naguib Sawiris, on which to build further significant value for our shareholders. Over the last six months De Montessus has developed a key role within the team and I am very confident that he is the right person to lead the company forward.”
De Montessus said he looks forward to leading Endeavour through this pivotal time and carrying on the company’s work of developing Endeavour into the one of Africa’s premier gold producers.
The management changes come in the wake of Endeavour Mining’s acquisition of True Gold Mining in April.