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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 EDT

(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.
DEERE & COMPANY 0.92% 221.97 Delayed Quote.28.11%
GOLD 0.18% 1950.3 Delayed Quote.28.32%
LINE CORPORATION 0.00% 5370 End-of-day quote.0.37%
MEMBERS CO., LTD. 0.56% 1797 End-of-day quote.-21.08%
ORVANA MINERALS CORP. 1.79% 0.285 Delayed Quote.78.13%
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