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"Endeavour Mining CEO Dismissed Amidst Misconduct and Financial Controversy"

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Source: MINING.com
"Endeavour Mining CEO Dismissed Amidst Misconduct and Financial Controversy"
Photo: MINING.com
TL;DR

Endeavour Mining has terminated its CEO, Sébastien de Montessus, citing 'serious misconduct' after an external investigation into his personal conduct with colleagues. De Montessus, who led the company's expansion through acquisitions and new projects, admitted to a lapse in judgment regarding a financial arrangement but denied personal benefit or misconduct. The company's shares dropped significantly following the announcement. Ian Cockerill has been appointed as the new CEO.

Topics:businessbusiness-and-finance##business-and-finance#ceo#corporategovernance#endeavourmining#miningindustry#misconduct
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