Board change

Hetherington to replace Le Roux in Scotgold chair

Cononish

The mine saw the third month of revenue exceeding costs

Scotgold Resources has announced that Nathaniel Le Roux is stepping down from his position as non-executive chairman of the company, a position he has held since March 2015.

Mr Le Roux will remain on the board as non-executive director and major shareholder of the company, as he continues to support Scotgold’s progress as the first commercial gold miner in Scotland. 

He will be replaced as chairman by Peter Hetherington, a non-executive director of the company with immediate effect.

Mr Hetherington is an experienced director, having held the positions of COO and CEO of FTSE 250 trading platform IG Group, and the role of CEO at Schroders Personal Wealth.

Nat Le Roux
Nat Le Roux

Mr Le Roux said, ” Seven years ago, I recapitalised Scotgold and joined the board as chair. My aim from the beginning was to see Scotland’s first commercial gold mine in production. That objective has now been achieved, thanks to the dedication and hard work of our executive team.

“Therefore, I believe this is the right moment for me to stand down as chair. Peter Hetherington and I have worked together for many years, and as Scotgold’s major shareholder, I am wholly confident that he will prove an effective successor. 

Mr Hetherington said: ” I have been a non-executive director of Scotgold for over three years. During that period the Company has transitioned from being almost dormant into the exciting, bustling enterprise it is today.

“This is a testament to the vision and finances that Nat brought to the Company as well as the hard work of all the employees past and present.

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