SSR Mining Executives Shift Roles

By Bobby Samwell • Saturday, March 09 06:05 • Permanent Link

SSR Mining Inc. has recently announced changes to its executive leadership team, effective immediately. Michael J. Sparks, who currently serves as Executive Vice President and Chief Legal and Administrative Officer, will take on the role of Executive Vice President and Chief Financial Officer. This change comes as Alison White, the previous CFO, is leaving the company to pursue other opportunities.

F. Edward Farid, the current Executive Vice President and Chief Corporate Development Officer, will now assume the role of Executive Vice President and Chief Strategy Officer. Additionally, Joanne Thomopoulos, who currently holds the position of Vice President, Human Resources, will be promoted to Executive Vice President, Human Resources.

Mr. Farid, who brings almost two decades of mining and investment banking experience, will now have full responsibility for all capital markets, financing, and commercial metal sales functions, in addition to his existing responsibilities covering business strategy, mergers & acquisitions, portfolio management, joint ventures, and commercial negotiations.

On the other hand, Mr. Sparks, with over a decade of dedicated service to the company, will assume full responsibility for the finance, enterprise risk, and information technology functions.

Ms. Thomopoulos, who brings over 20 years of direct leadership experience in human resources, primarily in the mining and energy sectors, will now have responsibility for the human resources, communications, and administration functions.

It's worth noting that Bill MacNevin and John Ebbett will continue in their current roles as Executive Vice President, Operations and Sustainability, and Executive Vice President, Growth and Innovation, respectively.

These changes have been described by Rod Antal, Executive Chairman of SSR Mining, as an opportunity to realign accountabilities to better support the business, particularly as the company continues to navigate and assess the impacts of the Çöpler Incident.

As SSR Mining moves forward with these leadership changes, the company will likely be looking to leverage the experience and expertise of the reorganized executive team to drive strategic initiatives and navigate the challenges and opportunities ahead. Today the company's shares have moved -4.0% to a price of $4.3. For the full picture, make sure to review SSR Mining's 8-K report.

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