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Dual listed gold miner OceanaGold announced that current nonexecutive director Paul Benson would succeed Ian Reid as nonexecutive chairperson, from October 1 this year.

“It has been an honour to serve as the chairperson of the company. I am proud of what we have achieved despite operating in a challenging environment over the past two years,” said Reid, who joined the company in 2018 and was appointed as chairperson in June 2019.

“I hold the view that the role of the board chair should be reviewed regularly and the person fulfilling that role should be the best person from the board given the company circumstances. I have therefore approached the board with a succession proposal, and I look forward to working and supporting Paul in his new capacity as the chair.”

Benson, who joined the board as a nonexecutive director in May this year, said that the recent renewal of the Didipio Financial or Technical Assistance Agreement (FTAA)  is a significant achievement by the company delivered under Reid’s leadership, and is a testament to the team’s resilience and determination.

“I am excited by the growth opportunities within the company and I look forward to working with the board and the OceanaGold leadership team to deliver on our objectives and creating value for our shareholders.”