Novagold Resources, a precious metals company engaged in the development of mineral properties in North America, has announced the election of directors from its Annual General Meeting of Shareholders held on May 4. It has also reduced its board size from eleven to ten members.
Diane Garrett was elected as a new director, effective May 4, and Gerald McConnell retired as a director after not standing for re-election after more than three decades of service to the company.
Garrett currently serves as the president and CEO of Nickel Creek Platinum, a mining exploration and development company involved in the advancement of a major polymetallic deposit located in the Yukon, Canada. Prior to that, she was president and CEO of Romarco Minerals, where she successfully led the multi-million-ounce Haile Gold Mine, located in South Carolina, from discovery to construction and, ultimately, production.
Novagold Resources has made numerous other governance changes and changes to its executive compensation practices, of which can be found here.