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Birthday : 12/14/1955
Place of birth : New York (New York) - United States
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Biography : John Paulson is the boss of the investment fund Paulson & Co. founded in 1995. It’s thanks to...

Detour Gold names Paulson-backed Bill Williams as interim CEO

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01/03/2019 | 09:49am EST

(Reuters) - Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon.

The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson's hedge fund, which pushed for a complete overhaul of the board and Kenyon's resignation.

Williams is a mining industry veteran and was a former CEO of gold and copper miner Orvana Minerals Corp.

He was one of five members elected to the Detour Gold board at a special shareholders meeting held on Dec. 13. These nominees were backed by Paulson, which alleged that under the leadership of Kenyon the company had "unsuccessfully tried to boost short-term performance".

Shares of the company were up 1.5 percent at C$11.93 in early trade.

(Reporting by Shanti S Nair in Bengaluru; Editing by Shinjini Ganguli)

Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.10% 1608.45 Delayed Quote.5.51%
LME COPPER CASH 0.31% 5745.5 End-of-day quote.-6.81%
ORVANA MINERALS CORP. -2.50% 0.195 Delayed Quote.25.00%
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