President and CEO of Canadian iron mine steps down
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Baffinland Iron Mines Corporation Thursday announced that Gordon A. McCreary, President and Chief Executive Officer, has resigned as an executive of the Company effective immediately but will continue as a director of the Company.
"On behalf of the board of directors of Baffinland, I would like to thank Gordon for his tireless efforts and dedication to the Company and its Mary River Project," said Richard McCloskey, the Chairman of the Company. "The Mary River Property hosts what we believe are the best undeveloped iron ore deposits in the world and Gordon was instrumental in reactivating the project and demonstrating its true potential. In addition to a number of project development achievements over the past six years, he and his team raised the profile of Baffinland in the iron and steel business. We look forward to his continuing contributions as a director."
Mr. McCloskey will be assuming day-to-day responsibilities at the Company and the board of directors will be conducting a search for an executive to assume the position of full time CEO of the Company.
Baffinland is a Canadian publicly-traded junior mining company that is focused on its wholly-owned Mary River iron ore deposits located on Baffin Island, Nunavut Territory, Canada. Baffinland's shares trade on the Toronto Stock Exchange under the trading symbol BIM.
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