Canadian mining company Marathon Gold on Monday announced that chairperson George Faught has decided not to run for re-election at the annual general meeting (AGM) on June 7.
His position on the board is available to a new director, whose election will result in the company satisfying its gender diversity target of 30%.
Marathon reported that it had nominated Teodara Dechy to stand for election at the AGM. She has more than 25 years experience in capital markets, corporate finance and the mining sector.
Since 2009, Dechy has served as president, CEO and director of Vancouver-based explorer Mundoro Capital.
The remaining current directors on the board, being Douglas Bache, Cathy Bennett, Jim Gowans, Julian Kemp, Peter MacPhail, Matt Manson and Janice Stairs, have all agreed to stand for re-election.
It is currently proposed that MacPhail will be appointed the new independent chairperson of the board, subject to his re-election at the AGM and subsequent approval by the board.