North American Palladium Picks New CFO
On Tuesday, precious-metals miner North American Palladium announced it has appointed Dave Langille to the position of Chief Financial Officer, effective immediately. Langille was previously CFO of another Canadian miner, privately held Breakwater Resources, which was sold to Nyrstar NV in August 2011.
NAP said Langille brings with him a reputation for improving profit margins and raising capital, but also experience in mergers and acquisitions. These could all be useful skill sets for NAP, which boasts negative profit margins, carries $134 million in debt and is burning cash.
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