"Endeavour Mining Dismisses CEO Over Misconduct Allegations"

1 min read
Source: Bloomberg
"Endeavour Mining Dismisses CEO Over Misconduct Allegations"
Photo: Bloomberg
TL;DR

Endeavour Mining Plc dismissed its CEO Sébastien de Montessus due to serious misconduct related to a suspicious $5.9 million payment instruction during an asset sale. The company's shares dropped significantly following the announcement, which was the result of a board investigation prompted by whistleblowing allegations concerning de Montessus's personal conduct with other employees.

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