x

Posted 09 January, 2024

GOLDRICH MINING CO appointed new CEO

CEO Change detected for ticker OTC:GRMC in a 8-K filed on 09 January, 2024.


  On January 6, 2024, the Board of Directors accepted the resignation of Mr. William Schara as Chief Executive Officer ("CEO") and President of the Company, effective immediately, to focus on other business interests.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of GOLDRICH MINING CO
Basic Materials/Resources • Gold
Goldrich Mining Co. is an exploration stage company, which engages in the acquisition and exploration of mineral properties, primarily those containing gold and associated base and precious metals. It focuses on developing the Chandalar gold district in Alaska. The company was founded on March 26, 1959 and is headquartered in Spokane, WA.
Market Cap
$2.16M
View Company Details
GOLDRICH MINING CO by TradingView
Relevant filing section
Item 5.02(b) Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. 


On January 6, 2024, the Board of Directors accepted the resignation of Mr. William Schara as Chief Executive Officer ("CEO") and President of the Company, effective immediately, to focus on other business interests.


Mr. Steve Vincent has been appointed acting interim CEO, effective immediately. Mr. Vincent has been a member of the Board since 2014 and has over 35 years of experience as a finance specialist. He has held a range of positions with various companies including Moore Juran and Co., Miller and Schroeder Financial, Allison Williams Company, Piper Jaffray, and Northland Securities Inc. His roles have included metals distribution, debt instrument structuring, and private equity financing. Most recently Mr. Vincent has raised capital for companies developing the copper-nickel mining district of northeastern Minnesota. He has completed strategic equity investments for Duluth Metals, Franconia Minerals and Encampment Minerals. Mr. Vincent received a bachelor's degree from Boston College.


The Goldrich Board of Directors would like to thank Mr. Schara for his years of service and devotion to the Company and wishes him well in his future endeavors.


The Company also announces that Dr. Michael Rasmussen has retired as a member of the Board of Directors, effective immediately, due to health reasons. The Company would like to thank Dr. Rasmussen for his years of service to the Company and wishes him well in his retirement.


Mr. Vincent, together with the Board of Directors, is currently reviewing strategic alternatives to re-capitalize the Company and plans to provide shareholders with a comprehensive update in the near future.