North American Palladium Picks New CEO

In the course of two months, North American Palladium has given itself a whole new upper echelon management team. In January, the precious metals miner appointed Dave Langille to the position of Chief Financial Officer. Thursday, the company chose a new Chief Executive Officer, as well.

Effective March 25, 2013, Phil du Toit will shift from his recent job as Executive Vice President and Head of Mining Projects and Exploration for steelmaker ArcelorMittal to assume the posts of President and CEO at NAP. He will take the place of André Douchane, who has been serving as interim CEO these past several months.

North American Palladium shares, which had traded flat at $1.43 prior to the announcement, reacted positively to this news in the after-hours, gaining 2.8%.

The article North American Palladium Picks New CEO originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of ArcelorMittal. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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