Eldorado Gold Announces Voting Results from Annual and Special Meeting of Shareholders; Announces Management Appointments

Rhea-AI Summary

Eldorado Gold Corporation announced the successful election of all director nominees during its Annual Meeting of Shareholders held on June 10, 2021. Notable voting results include George Albino with 98.21% votes in favor and George Burns with 99.30%. Additionally, shareholders approved the appointment of auditors, setting auditor pay, and a non-binding advisory vote on executive compensation. The meeting also saw the appointment of Paul Ferneyhough as Senior Vice President and Lisa Wilkinson as Vice President of Investor Relations, strengthening the management team.

Positive

• All director nominees were elected with high approval rates, indicating strong shareholder support.
• Approval of key resolutions, including the appointment of auditors and executive compensation plan, reflects confidence in management.
• Appointment of experienced executives to senior management may enhance operational effectiveness.

Negative

• None.

VANCOUVER, British Columbia, June 11, 2021 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to announce that all director nominees, as listed in the Management Proxy Circular dated April 27, 2021, were elected as directors of Eldorado at the Company’s Annual Meeting of Shareholders (the “Meeting”) held virtually on June 10, 2021.

Election of Directors
Directors	Votes For		Votes Withheld		Outcome
George Albino	89,608,334		1,629,121		Elected
	98.21%		1.79%
George Burns	90,597,246		640,220		Elected
	99.30%		0.70%
Teresa Conway	90,540,695		696,770		Elected
	99.24%		0.76%
Catharine Farrow	90,432,623		804,842		Elected
	99.12%		0.88%
Pamela Gibson	89,348,846		1,888,620		Elected
	97.93%		2.07%
Judith Mosely	90,482,619		754,847		Elected
	99.17%		0.83%
Steven Reid	90,664,166		573,300		Elected
	99.37%		0.63%
John Webster	89,803,931		1,433,535		Elected
	98.43%		1.57%

At the Meeting, shareholders of the Company also approved:

• The appointment of auditors;
• Setting the auditor’s pay;
• The advisory resolution on executive compensation; and
• The Amended and Restated Performance Share Unit Plan

Voting results on each resolution are detailed below and can also be found in the Company’s final Report on Voting Results as filed on SEDAR (www.sedar.com). All resolutions were conducted by ballot.

Appointment of Auditors
Votes For		Votes Withheld		Outcome
106,857,183 99.17%		896,659 0.83%		Carried

 

Setting the Auditor’s Pay
Votes For		Votes Against		Outcome
92,999,506 99.66%		317,578 0.34%		Carried

 

Non-Binding Advisory Vote on Executive Compensation
Votes For		Votes Against		Outcome
89,679,769 98.29%		1,557,695  1.71%		Carried

Amended and Restated Performance Share Unit Plan
Votes For		Votes Against		Outcome
84,720,668 92.86%		6,516,796  7.14%		Carried

Management Appointments

Eldorado also announces the appointments of Paul Ferneyhough and Lisa Wilkinson to the Senior Management team.

Paul Ferneyhough joined the Company as Senior Vice President, Chief Growth and Integration Officer in May 2021. Paul is responsible for overseeing the development and execution of Eldorado’s strategic growth roadmaps. In this role, he will identify and realize opportunities to unlock value from within the operations. He is also be responsible for integrating technology, initiatives and processes using cross-functional approaches and teams across Eldorado’s global footprint. Prior to joining Eldorado Gold, Paul spent nearly two decades with Repsol SA (and Talisman Energy), most recently as Executive Director leading Repsol’s North American upstream oil and gas division. He also held progressively senior leadership roles in corporate, line and functional areas including finance, investor relations, strategy, commercial, planning, and business performance management.

Lisa Wilkinson joined Eldorado in May 2021 as Vice President, Investor Relations. Lisa oversees all investor relations activities and marketing for Eldorado Gold. Prior to joining Eldorado Gold, Lisa was Vice President, Investor Relations and Strategic Development at TMAC Resources. Before that, she spent several years in capital allocation, business planning and capital projects at Kinross Gold. Lisa’s background in capital markets includes equity research roles with RBC Capital Markets, Scotia Capital, and Citigroup.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Contact

Investor Relations
Lisa Wilkinson, VP, Investor Relations
604.757.2237 or 1.888.353.8166  
lisa.wilkinson@eldoradogold.com

Media
Louise Burgess, Director Communications and Government Relations
604.601.6679 or 1.888.363.8166
louise.burgess@eldoradogold.com

FAQ

What were the election results for Eldorado Gold's directors on June 10, 2021?

All director nominees were elected with high votes in favor, ranging from 97.93% to 99.37%.

What resolutions were approved at Eldorado Gold's Annual Meeting in 2021?

Shareholders approved the appointment of auditors, auditor pay, an advisory resolution on executive compensation, and the Amended Performance Share Unit Plan.

Who were the new senior management appointments at Eldorado Gold in June 2021?

Paul Ferneyhough was appointed as Senior Vice President, Chief Growth and Integration Officer, and Lisa Wilkinson as Vice President of Investor Relations.

What is the stock symbol for Eldorado Gold Corporation?

The stock symbol for Eldorado Gold Corporation is EGO.