Monday, September 27, 2010

United Mining (TSE:UMG) Lands Western CEO, Newmont (NYSE:NEM) Executive

United Mining (TSE:UMG) announced it has landed former Western Canadian Coal CEO and president Charles Pitcher, who will step into the role of CEO for the miner.

They also added former Senior Vice President and General Counsel for Newmont Mining (NYSE:NEM), Graham (Chip) Clarke, Jr., who landed the role of Independent Director for United.

CFO Erik Panke resigend as Non-Independent Director to make room for Clark, Jr. to step in as Independent Director. Panke will remain on as CFO and Corporate Secretary for United.

Chairman Greg Stewart will continue on in that position, as well as President of the company, adding the role of COO to his duties. Stewart founded the company.

Pitcher said about his new job, "I wish to thank Greg Stewart and the UMG Board for this appointment. Over the years, Greg Stewart has built a superb mining services company, which has expanded to include the Crescent Silver Mine. I compliment Greg and his team for their superlative work. I look forward to working with Greg and his team to move UMG to the next level of growth."

Steward said in a press release about landing Pitcher, "Charles Pitcher has the senior mining experience which is critical to our company, especially as we move towards production on the Crescent Silver Mine. Chip Clark has the experience and connections in the mining world which will be indispensable to our growth. I am proud to welcome Charles and Chip to the UMG team. I would like to thank Erik Panke for his considerable help as Director. His contribution to obtaining our TSX listing was indispensable."


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