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July 17, 2024
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Precious Metals

Endeavour Mining ousts CEO over ‘serious misconduct’

Endeavour Mining said on Thursday it had removed CEO Sebastien de Montessus with immediate effect, citing “serious misconduct”.

The action followed an investigation by the board into an irregular payment instruction of $5.9 million issued by him in relation to an asset disposal by the company.

The London-listed company also disclosed that allegations were made against him last year relating to his personal conduct with colleagues on its confidential whistleblowing channel.

Endeavour named Ian Cockerill, deputy chair of its board, as the new CEO.

Sebastien de Montessus, who was also removed as president and from the board of directors, did not immediately respond to a request for comment.

(By Shivani Tanna; Editing by Shilpi Majumdar and Sriraj Kalluvila)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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