Entrée Gold Inc has appointed Stephen Scott as president and chief executive officer effective April 1, 2016. He has been acting as the interim CEO since November 16, 2015. Concurrently with the appointment, he will be appointed to Entrée’s Board of Directors.
Entrée’s chairman Lord Howard said, “We are very pleased that Stephen has assumed this leadership role on a permanent basis. Stephen brings with him over 25 years of global experience in all mining industry sectors. Stephen’s project management and execution experience will be an important asset in creating shareholder value as the company positions itself for future growth.”
Prior to joining Entrée, Stephen Scott was president of Minenet Advisors, a capital markets and management advisory consultancy providing a broad range of advice and services to clients relating to planning and execution of capital markets transactions, strategic planning, generation and acquisition of projects, and business restructuring. Between 2000 and 2014, he held various global executive positions with Rio Tinto and currently serves on the board of directors of a number of public and private mining companies.
Entrée Gold is a Canadian mineral exploration company balancing opportunity and risk with key assets in Mongolia and Nevada. As a joint venture partner with a carried interest on a portion of the Oyu Tolgoi mining project in Mongolia, Entrée has a unique opportunity to participate in one of the world’s largest copper-gold projects managed by one of the premier mining companies - Rio Tinto.
Sandstorm Gold, Rio Tinto and Turquoise Hill Resources are major shareholders of Entrée, holding approximately 15%, 11% and 9% of issued and outstanding shares, respectively.