ASX and TSX-listed gold explorer Perseus Mining, which is respected as one of the world’s most successful gold explorers with its main focus in the under explored gold belts in West Africa, has joined the trend of changing its executive team by announcing the appointment of Jeff Quartermaine, the company’s CFO, as its new MD and CEO.

Quartermaine replaces outgoing Mark Calderwood who will be stepping down after being with the company since 2004.

Quartermaine has been Perseus Mining’s CFO since 2010 and will take up his new CEO role from 1 February 2013.

Perseus chairman Reg Gillard says: “Mark has done a great job in guiding the company through the early stages of its corporate development. He has assembled a high-quality asset base and a strong team of people and we are now in a very solid position to capitalise on Mark‘s outstanding work and to continue the company’s transition to becoming a multi-mine, mid-tier gold producer.”

Jeff has proven himself an excellent CFO and in the past year he has increasingly taken on management challenges passed on by Mark and the board.”

Calderwood says: “Over the past nine years I have had the privilege of being involved with a successful company that has grown from an explorer to a successful gold producer. The board and I have implemented this transition from day-to-day management to allow me to utilise my skill set in new project assessment and acquisition.”

Jeff, the board and the executive team have my full support as a continuing large individual shareholder of the company.”

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