CEO's On the Move
Crocodile Gold Announces Resignation of Chantal Lavoie as CEO and Chairman of the Board Effective June 30, 2013
Crocodile Gold Corp.
:TSX) Crocodile Gold Corp. announced that Chantal Lavoie, President and Chief Executive Officer and Chairman of the board of the Company, has notified the board of directors of the Company of his intention to resign from his positions with the Company effective June 30, 2013, for personal reasons, in order ...
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Williams Creek Gold Limited Announces Executive Changes
Mr. Michael R. Sonnenreich has announced his resignation as CEO and Chairman of Williams Creek Gold Limited effective May 24, 2013, for personal reasons. The Board of Directors has appointed Director Mr. James Wyant as Chairman and interim Chief Executive Officer to replace Mr. Sonnenreich. James Wyant has served on the Board of Williams Creek Gold since 2010. He was President of Wyant &Company. Mr. Wyant also served as the Chairman for Vermont Public Television and was awarded the PBS Leadership Award in 2003.
Xtreme Drilling and Coil Services Corp. Appoints David W. Wehlmann as an Independent Director
Xtreme Drilling and Coil Services Corp. announced that it has approved the appointment of Mr. David W. Wehlmann as an independent director, effective May 23, 2013. Wehlmann is currently a director with Omega Protein Corporation. Previously Mr. Wehlmann was Executive Vice President, Investor Relations, with Precision Drilling Corporation.
News Corp. Announces Separation of Businesses; Announces Board Changes; Provides Pre-Tax Non-Cash Impairment Guidance for the Fourth Quarter Ending June 30, 2013
News Corp. announced that in connection with the company’s separation of its publishing and media and entertainment businesses into two distinct publicly traded businesses, on May 24, 2013. As of the date of the separation, which is expected to be June 28, 2013, Delphine Arnault, Jacques Nasser and Robert Silberman will join the board of directors of the company, which will retain the global media and entertainment businesses and is expected to be renamed 21st Century Fox. Also in connection with the separation, the company’s directors José María Aznar, Natalie Bancroft, Peter L. Barnes, Elaine Chao and Joel I. Klein informed the company’s board of directors on May 22, 2013 that they will be resigning as of the date of the separation as directors of the company to join the board of directors of New News Corporation. Ms. Bancroft had been appointed to the company's Board of Directors in connection with the company's acquisition of Dow Jones & Company Inc. in 2007, pursuant to the terms of an agreement whereby the company agreed to elect a member of the Bancroft family or another mutually agreed upon individual to the board of directors. Following the separation, Dow Jones will be part of New News Corporation, and accordingly, Ms. Bancroft will serve as a director of that company. Ms. Arnault has served as Deputy General Manager at Christian Dior Couture since 2008 and as a Director of Christian Dior SA since 2012. Mr. Nasser has been a Non-Executive Advisory Partner of One Equity Partners LLP since 2010. Mr. Silberman is the Executive Chairman of Strayer Education Inc. He previously served as Strayer's Chief Executive Officer from 2001 to 2013 and has served as its Chairman of the Board since 2003.
On May 24, 2013, the company concluded that certain of its goodwill and intangible assets were potentially impaired and that it expects to record a pre-tax non-cash impairment charge in the range of $1.2 billion to $1.4 billion in the fourth quarter ending June 30, 2013 related to its publishing segment.