Maple Gold Mines taps Kiran Patankar as interim CEO

Mon Aug 28 2023

Maple Gold Mines Ltd (TSX-V:MGM, OTCQB:MGMLF) has announced two new C-level appointments in Kiran Patankar and Michael Rukus. 

Patankar will move from the CFO role into the president and CEO seat on an interim basis following the departure of outgoing CEO Matthew Hornor. 

Rukus, Maple’s current corporate controller, will become interim CFO to fill Patankar’s vacancy. 

"After careful review and discussion, the Independent Directors unanimously concluded that a leadership transition is in the best interests of the company's shareholders and stakeholders," Michelle Roth, Maple Gold's chairperson, said in a statement.  

Patankar boasts over 15 years of senior leadership experience in the mining industry. His tenure with Maple Gold began in 2021 as senior vice president, growth strategy, and he assumed the role of Chief Financial Officer in 2022.  

Previously, he held the positions of president, CEO, and director at two TSX-V listed gold exploration and development companies from 2015 to 2018, where he spearheaded growth initiatives and successfully turned around these companies. Prior to this, he worked as an investment banker with leading Canadian and global financial institutions from 2007 to 2014, focusing exclusively on strategic corporate matters for mining companies, including M&A and corporate finance transactions worth over $3 billion. 

Rukus possesses more than 15 years of progressive leadership experience in finance and accounting, with over a decade of that experience in the exploration and mining sector. 

"The Board would like to thank Mr Patankar and Mr Rukus for stepping into their respective positions and looks forward to working with them in their expanded roles as we execute on our value creation initiatives and deliver on the company's enormous growth potential,” chairperson Roth added on behalf of the board. 

Maple Gold’s leadership transition comes as it positions itself to drive growth and capitalize on its gold projects in the promising region of Québec, Canada. 

Source: https://www.proactiveinvestors.com/