Northern Dynasty Board restructures, loses six seasoned Directors
In July 2015, NDM shareholders approved the election of nine Board members, all of whom had served the company between five and 20 years. By February 2016, six of those Board members had resigned.
In February, NDM announced that it had restructured its Board and reduced the number of Directors. Earlier in 2015, NDM acquired Cannon Point Resources and Mission Gold as part of its financing strategy, with Board members from those companies joining the NDM Board. Consequently, more than half of NDM’s current Board of Directors have fewer than six months’ experience with the company.
NDM Board Members
Joined NDM Board | Specialty | Note | |
Robert Dickinson, Executive Chairman | 2004 | Project development | |
Ron Thiessen, President and CEO | 2001 | Corporate development | |
Ken Pickering | 2013 | Engineering, mining development | |
Gordon Keep | Oct 2015 | Geologist, investment banking, natural resource companies | Cannon Point board member |
Marcel de Groot | Dec 2015 | Accounting, venture capital | Mission Gold board member |
Desmond Balakrishnan | Dec 2015 | Attorney, mergers and acquisitions | |
David de Witt | Feb 2016 | Corporate/securities law, venture capital | Mission Gold board member |
Steven Decker | March 2016 | Financial analyst, portfolio manager |
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Northern Dynasty ramps up financing efforts to fund litigation, EPA investigations