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Norton Gold shares drop 12% on exec resignations

Norton Gold shares drop 12% on exec resignations

Norton Gold Fields (ASX:NGF) shares have fallen 12% since the company announced the surprise resignation of two senior executives.

Managing director Jon Parker and CFO Simon Brodie have both resigned effective immediately, Norton said.

The company said Parker had left the company over a “difference in opinion regarding the strategic direction of the company at board level.”

Norton said it had appointed Mark McCauley as interim CEO, and has commenced the search for a permanent appointment. Former COO Andre Labuschagne has been appointed as replacement CFO.

Labuschagne has also been appointed to the role of deputy CEO. The COO role will be phased out, with site GMs to report directly to McCauley.

NGF shares have fallen 12.7% today to $0.27.

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