Coeur d'Alene Hires New CFO
May 9th 2013 2:43PM
Updated May 9th 2013 3:05PM
It turns out that Taseko Mines' loss is silver-and-gold miner Coeur d' Alene Mines' gain, in terms of a CFO.
Earlier this week, Taseko announced that its chief financial officer, Peter C. Mitchell, was leaving for a company it did not identify. On Wednesday, we learned the identity of the company when Coeur d' Alene announced Mitchell will become its own new CFO. Coeur had been without a CFO since Frank Hanagarne was promoted out of the office back in February to take over as the company's chief operating officer.
In a filing with the SEC, Coeur said Mitchell will be paid a base salary of $400,000 with an annual bonus targeting 75% of salary. He will also receive an initial grant of $200,000 worth of restricted stock units, and a targeted long-term equity incentive award of 225% of base salary.
Those dollar amounts might buy more shares of Coeur stock than usual. The company announced disappointing earnings this morning, with the result that its stock price had gotten 5% cheaper, trading as of this writing around $14.43.
The article Coeur d'Alene Hires New CFO originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.