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Iamgold Corp (IMG.TO)

IMG.TO on Toronto Stock Exchange

4.63CAD
11 Oct 2019
Change (% chg)

$-0.18 (-3.74%)
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Volume
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Summary

Name Age Since Current Position

Stephen Letwin

63 2010 President, Chief Executive Officer, Director

Carol Banducci

59 2007 Chief Financial Officer, Executive Vice President

P. Gordon Stothart

2007 Chief Operating Officer, Executive Vice President

Jeffery Snow

2009 Senior Vice President - Business Development, General Counsel

Benjamin Little

2011 Senior Vice President - Corporate Affairs, HSS & People

Craig MacDougall

2012 Senior Vice President - Exploration

John Caldwell

69 2006 Independent Director

Donald Charter

62 2003 Independent Director

Ronald Gagel

61 2018 Independent Director

Richard Hall

68 2012 Independent Director

Mahendra Naik

60 1990 Independent Director

Timothy Snider

68 2011 Independent Director

Sybil Veenman

56 2015 Independent Director

Indi Gopinathan

Investor Relation Lead

Biographies

Name Description

Stephen Letwin

Mr. Stephen Joseph James (Steve) Letwin is President, Chief Executive Officer, Director of the Company since November 1, 2010. He has been a member of the Board of Directors since joining the Company. Specializing in corporate finance, operational management, and merger and acquisitions, Steve brings over 30 years of experience from the highly-competitive resource sector. Steve actively leads his executive management teams with a clear and pragmatic approach to driving business results, creating shareholder value, and achieving sustainable growth. Prior to joining IAMGOLD, Steve was based in Houston, Texas, where he was the Executive Vice President, Gas Transportation & International, with Enbridge Inc. Steve was responsible for Enbridge’s natural gas operations, including overall responsibility for Enbridge Energy Partners, as the partnership’s Managing Director. In 1999, he joined Enbridge as President and Chief Operating Officer, Energy Services, based in Toronto, Canada. Before joining Enbridge, Steve served as President & Chief Operating Officer of TransCanada Energy and was Chief Financial Officer, TransCanada Pipelines Limited, Numac (Westcoast Energy), and Encor Energy. Mr. Letwin holds an MBA from the University of Windsor, is a Certified General Accountant, a graduate of McMaster University (B.Sc., Honors), and a graduate of the Harvard Advanced Management Program. Throughout his career, Steve has actively demonstrated his commitment to voluntary leadership. His most recent community affiliations have included Director, Corporate Campaign Committee of Texas Children’s Hospital; Patron, UNICEF Alberta, Canada; and Director, YMCA Calgary, Canada. For his commitment to the community, Steve was awarded the 2006 Alberta Centennial Medal.

Carol Banducci

Ms. Carol T. Banducci is Chief Financial Officer, Executive Vice President of IAMGOLD Corporation. She joined IAMGOLD in July 2007, and currently oversees all aspects of finance, information technology and investor relations. From 2011 to 2015, Carol was also Chair of Niobec Inc., a wholly-owned subsidiary of IAMGOLD, prior to orchestrating the sale of the business in early 2015. Prior to joining IAMGOLD, Carol was Vice President, Financial Operations of Royal Group Technologies, Chief Financial Officer of Canadian General-Tower Limited and Chief Financial Officer of Orica Explosives North America and ICI Explosives Canada & Latin America. She currently serves on the Board of HudBay Minerals Inc. and was previously a director of Euro Ressources S.A and Thompson Creek Metals Company Inc. Carol’s career has also been notable for her dedication to helping others in the community. In 2016, she founded the Miner’s Lamp Award Campaign, creating a partnership with the University of Toronto’s Department of Psychiatry to raise funds for research into the detection and early prevention of mental illness in youth and young adults. The campaign has garnered strong support from the business and academic communities, reaching $2.8 million in four years. In 2015, 2017, and 2018 Carol was a three time recipient of the Women’s Executive Network Canada’s 100 Most Powerful Women. Also, in 2018, Carol was recognized by Women in Mining as one of the 100 Global Inspirational Women in Mining. In 2016 she was a recipient of the University of Toronto, University College Alumni of Influence Awards.

P. Gordon Stothart

Mr. P. Gordon (Gord) Stothart is Chief Operating Officer, Executive Vice President of the Company. He joined IAMGOLD in December of 2007 and brings over 20 years of industry experience to the position of COO. In his previous role, Gord was responsible for technical management and development of three major copper projects in South America as well as oversight of the large scale Antamina and Collahuasi mines. Prior to this role, Gord served as the General Manager and Operations Manager at Lomas Bayas in Chile and Antamina in Peru as well as holding Engineering Management positions at the Brunswick and Bell Mines in Canada. He also spent several years as a Manager within the Business Development group for a multinational metals producer and provided technical analysis for global acquisition opportunities. Gord graduated from the University of British Columbia in 1987 with a Double Major in Mining and Mineral Process Engineering.

Jeffery Snow

Mr. Jeffery A. Snow is Senior Vice President - Business Development, General Counsel of the Company. He joined IAMGOLD in November 2009 and is currently Senior Vice President Business Development and General Counsel in addition to being member of the Executive Leadership Team. Jeff’s academic credentials include a business degree from Queen’s University and a law degree from U.W.O. In his 30 years in the mining industry, Jeff has been Senior Vice-President & General Counsel for Noranda / Falconbridge, President and CEO of a mid-tier gold company, General Manager of a world class metallurgical facility, and Managing Director of a Mining Group at a national law firm. Jeff has led legal teams at a number of international mining companies and has worked on major acquisitions/dispositions, financings, class action litigation and international joint ventures in over 40 countries.

Benjamin Little

Mr. Benjamin R. Little is Senior Vice President - Corporate Affairs, HSS & People of IAMGOLD Corporation. He heads the Corporate Affairs, HSS, and People functions and is a member of the Executive Leadership Team. Ben is also Chief Executive Officer of Euro Ressources SA, a French affiliate of IAMGOLD focused on precious-metal royalties. Prior to joining IAMGOLD, Ben was Director of Government and International Affairs at Barrick Gold Corporation. He is a corporate lawyer, having practised at a leading business law firm in Toronto. He has also served as Senior Policy Adviser to Canada's federal Minister of Industry. Mr. Little studied at Queen's University (gold medallist), Oxford University (master's degree in international relations, Commonwealth Scholar) and the University of Toronto Faculty of Law. He is a member of the Law Society of Upper Canada and the Canadian Bar Association, and has served or continues to serve on the boards of directors of many organizations, including SEMOS (Mali), the World Gold Council (Alternate), Euro Resources S.A. (France), the Canada-Chile Business Council, Minalliance (Quebec), the Mining Association of Canada, the Canadian Chamber of Commerce, the Canada-Peru Chamber of Commerce and the Canada-Pakistan Business Council.

Craig MacDougall

Mr. Craig S. MacDougall is Senior Vice President - Exploration of the Company. He joined IAMGOLD in February of 2012. As an accomplished senior executive in both major and junior base and precious metals mining companies, Craig brings over 25 years of experience in domestic and international exploration. He has a strong reputation for building and leading multidisciplinary teams, and a track record of deposit discovery, resource expansions and project generation and acquisitions. Craig worked for Falconbridge/ Noranda in roles of increasing responsibility, including Senior International Geologist and, later, as Exploration Manager in Australasia and Africa. More recently, as president and CEO of a TSX-V junior listed exploration company, he led exploration projects for sulphide nickel in East Africa and Canada. He holds a B.Sc. in Geology from Mount Allison University and a M. Sc. in Earth Sciences from Memorial University.

John Caldwell

Mr. John Edward Caldwell is Independent Director of the Company since 2006. He brings extensive general and financial management and risk assessment experience to the Board. From 2003 until his retirement from SMTC Corporation, on March 31, 2011, he served as President and Chief Executive Officer and as a member of the board of directors. Before joining STMC Corporation, Mr. Caldwell held positions in The Mosaic Group, a marketing services provider, as Chair of the Restructuring Committee of the Board, from October 2002 to September 2003, in GEAC Computer Corporation Limited, a computer software company, as President and Chief Executive Officer from October 2000 to December 2001 and in CAE Inc., a provider of simulation and modeling technologies and integrated training solutions for the civil aviation and defense industries, as President and Chief Executive Officer from June 1993 to October 1999. In addition, Mr. Caldwell served in a variety of senior executive positions in finance, including Senior Vice President of Finance and Corporate Affairs, Chief Financial Officer of CAE and Executive Vice President of Finance and Administration of Carling O’Keefe Breweries of Canada. Over the course of his career, Mr. Caldwell has served on the audit committees of ten public companies. Also, for the past several years, Mr. Caldwell is a lecturer for the Institute of Corporate Directors on the subject of board responsibilities for oversight of enterprise risk. Mr. Caldwell is Chairman of and has been a director of Advanced Micro Devices, Inc., a global semiconductor provider since 2006 and of Faro Technologies, Inc., a producer of three dimensional manufacturing measurement systems, since 2002. Mr. Caldwell also served on the board of directors of ATI Technologies Inc. from 2003 to 2006, Rothmans Inc. from 2004 to 2008, Cognos Inc. from 2000 to 2008, Stelco Inc. from 1997 to 2006 and Sleeman Breweries Ltd. from 2003 to 2005.

Donald Charter

Mr. Donald K. (Don) Charter is Independent Director of the Company. He became the Chair of the Board of Directors of IAMGOLD Corporation on May 11, 2015. An experienced corporate director, he serves on a number of public company boards, which, in addition to IAMGOLD, include Lundin Mining, Dream Office REIT and International Petroleum Corporation. Mr. Charter has senior executive leadership experience, in mining and financial services, most recently, as President and CEO of Corsa Coal. Mr. Charter’s business experience includes financial services, mining (precious metals, base metals, iron ore, coal) and real estate. He is a graduate of McGill University with degrees in Economics and Law. He began his career in Toronto, building a successful business law practice. He was the founding Chair and CEO of a major independent financial services company having overseen its growth from a startup. Mr. Charter is the Chair of HGC Holdings a private employee owned investment firm specializing in low volatility, highly liquid, event driven mandates. He also sits as the company’s representative on the World Gold Council. In addition to his executive leadership positions, Mr. Charter has extensive board level experience having been involved in several corporate boards and having sat on and chaired a number of audit, compensation, governance, special, independent and strategic committees in various corporate situations. He has completed the Institute of Corporate Directors, Directors Education Program.

Ronald Gagel

Mr. Ronald P. (Ron) Gagel is Independent Director of the Company. He is a chartered professional accountant with more than 40 years of professional experience, the last 30 of which have been in the mining sector. In April 2018, he was appointed Executive Vice President, Corporate Affairs of TMAC Resources Inc. Previously, he held the position of Executive Vice President and Chief Financial Officer of TMAC. He has also been a director of other public companies including Dalradian Resources Inc. (now part of Orion Mine Finance), Adriana Resources Inc. (now part of Sprott Resource Holding Inc.), HudBay Minerals Inc., Central Sun Mining Inc. (now part of B2Gold Corp.), Stonegate Agricom Ltd. (now part of Itafos) and FNX Mining Company Inc. Mr. Gagel joined FNX in 2005 as Vice President and Chief Financial Officer and became Senior Vice President and Chief Financial Officer in 2006, a position he held until the merger of FNX with Quadra Mining Ltd. in May 2010. He had previously joined Aur Resources Inc. in 1988, holding roles of increasing responsibility including Vice President and Chief Financial Officer from 1999 to December 2004. Mr. Gagel retired as a director of the Prospectors and Developers Association of Canada in 2015 after serving on the Board for 18 years. He is the 2013 recipient of the PDAC’s Distinguished Service Award for his contribution to the PDAC and to the mineral industry in the field of finance. Mr. Gagel was the Chairman of a CPA Canada-PDAC IFRS committee that produces Viewpoints on IFRS accounting issues for the mining industry from 2011 to 2018. Mr. Gagel received his C.A. designation in 1981 with Coopers & Lybrand (now PricewaterhouseCoopers) and holds a Bachelor of Commerce, (Hons.) Business Administration from the University of Windsor and a Bachelor of Science, (Hons.) Zoology from the University of Western Ontario.

Richard Hall

Mr. Richard James Hall Independent Director of the Company since 2012. Mr. Hall brings over 45 years of exploration, development, mining and corporate experience to IAMGOLD. In addition to IAMGOLD, Mr. Hall currently serves a director of Orla Mining Ltd. Mr. Hall formerly served as Chairman of Klondex Mines Ltd. prior to it being acquired by Hecla Mining as well as President and Chief Executive Officer of Northgate Minerals until it was acquired by AuRico Gold now called Alamos Gold. Mr. Hall also served as President and Chief Executive Officer of Metallica Resources. While at Metallica Resources he was involved in the merger with Peak Gold Ltd. and New Gold Inc. to form what is now New Gold Inc. Over the past 11 years Mr. Hall has consulted to the mineral industry and has served on a number of resource sector boards of directors including Chairman of Premier Gold, Chairman of Grayd Resources and director of Kaminak Gold. Mr. Hall also served on numerous audit, compensation and governance committees during his career as well as chairing several special independent committees of boards of directors during various corporate situations. Mr. Hall is involved in several non-profit organizations including, Past President and Life Member of the American Exploration and Mining Association, formerly the Northwest Mining Association, director of the Denver Gold Group, member of both the Investment Committee and Audit Committee of the Society of Economic Geologists (SEG). Mr. Hall holds a Bachelor and a Master’s Degree in Geology and an MBA from Eastern Washington University. Mr. Hall has also completed an Executive Development Program at the University of Minnesota. Mr. Hall is a member of the National Association of Corporate Directors and has completed the Institute of Chartered Secretaries and Administrators (ICSA) Directors Education Program and is a member of ICSA.

Mahendra Naik

Mr. Mahendra Naik is Independent Director of the Company. He has been involved with IAMGOLD since its inception in 1990 as one of the founding directors’ and Chief Financial Officer (“CFO”). As CFO from 1990 to 1999, Mr. Naik led the joint venture with AngloGold and in project debt financings in excess of U.S. $350 million for both Sadiola and Yatela mines. In addition, Mr. Naik led equity financings in excess of U.S. $150 million including IAMGOLD’s initial public offering in 1996. From 2000 to date, as a director, Mr. Naik has been a member of the audit and compensation committees. Mr. Naik is the Chairman of the Board, Audit and compensation committees of Fortune Minerals Limited, a TSX listed company. Since 2003, Mr. Naik has been a director of Goldmoney Inc., a TSX listed precious metals financial services company and is Chairman of the audit and compensation committees. Mr. Naik is also a director and Chairman of the Audit committee for M2Cobalt Corporation. Mr. Naik is involved in a number of non-profit organizations including the Indus Entrepreneurs and Trillium Hospital Foundation. Mr. Naik is a Chartered Professional Accountant and practised for nine years with a major accounting firm. He holds a Bachelor of Commerce degree from the University of Toronto.

Timothy Snider

Mr. Timothy R. (Tim) Snider is Independent Director of the Company. He is the Chair of Cupric Canyon Capital, LLC., a private equity company that invests in copper mining assets worldwide. He was formerly President and Chief Operating Officer of Freeport McMoRan Copper and Gold, and its predecessor Phelps Dodge Corporation where he spent 38 years of his career. In addition to IAMGOLD, Mr. Snider is a director of Teck Resources and the Nature Conservancy (Arizona chapter). He is also a former director of Cia. De Minas Buenaventura and of Compass Minerals based in Overland Park, Kansas where he served as Chair of the Compensation Committee. Mr. Snider is also involved in several non-profit organizations, including the University of Arizona’s Institute for Mineral Resources (founding Chair), the Northern Arizona University Foundation Board, and the Mining Foundation of the Southwest. He was inducted into the American Mining Hall of Fame and received the Jackling Award and Richards Award for innovation from the Society of Mining and Metallurgical Engineers.

Sybil Veenman

Ms. Sybil Elsa Veenman is Independent Director of the Company. She is a senior executive with over 20 years of mining industry experience and serves on a number of public company boards. Most recently, as Senior Vice-President and General Counsel and a member of the executive leadership team at Barrick Gold Corporation, Ms. Veenman was responsible for overall management of legal affairs, extensively engaged in that company’s significant M&A and financing transactions and involved in a wide range of operational, regulatory, political and social aspects of the mining business. Prior to that, she served as Associate General Counsel and Secretary for Lac Minerals Ltd. and previously practiced law with a large law firm from 1989 until 1994. She holds a Law degree from of the University of Toronto and has completed the Institute of Corporate Directors, Directors Education Program and obtained the ICD.D designation from the Institute.

Indi Gopinathan

Basic Compensation

Name Fiscal Year Total

Stephen Letwin

4,593,020

Carol Banducci

1,513,690

P. Gordon Stothart

1,880,550

Jeffery Snow

1,230,000

Benjamin Little

--

Craig MacDougall

1,379,870

John Caldwell

216,947

Donald Charter

331,935

Ronald Gagel

72,978

Richard Hall

218,697

Mahendra Naik

183,197

Timothy Snider

218,697

Sybil Veenman

198,197

Indi Gopinathan

--
As Of  31 Dec 2018