In a terse, 101-word announcement, Vancouver-based and Eritrea-operating gold-mining company Nevsun Resources announced the departure of its CFO on Wednesday.

As Nevsun described it, Chief Financial Officer Fausto Taddei has resigned "with immediate effect to pursue other business opportunities." A replacement is being sought, but in the meantime, the company's former CFO -- now President and Chief Executive Officer -- Cliff Davis will serve as acting CFO in addition to performing his other duties.

Nevsun shares had risen 2.8% in Wednesday trading, closing at $3.61, before the resignation was announced. 

The article Nevsun CFO Resigns originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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Rodger

This is passé news

August 04 2013 at 6:04 PM Report abuse rate up rate down Reply