The New Zealand Herald reports that Tom Irwin from Fairbanks, Alaska will take the helm of International Tower Hill Mines (NYSE:THM,TSX:ITH), as the company is preparing to slash jobs.
As quoted in the market news:
Irwin will assume his new role for the British Columbia-based global mining company on Jan. 1. He spent the past two years as a company vice president, overseeing its Livengood gold project about 70 miles (112 kilometers) north of Fairbanks.
His promotion comes as the company is cutting about 30 percent of its staff and slicing its board of directors from seven members to three.