- Canada Carbon (CCB) has announced the sudden and unexpected passing of its Chief Executive Officer, R Bruce Duncan
- The company’s Chief Financial Officer, Olga Nikitovic, has been appointed as the interim CEO, effective immediately
- At the time of his death, Bruce was also CEO of the publicly listed Canadian-based mining company Evolving Gold (EVG)
- Canada Carbon is down 21.62 per cent, and is currently trading for C$0.14 per share
- Evolving Gold is down 7.69 per cent and is currently trading for 6 cents per share
Canada Carbon (CCB) has announced the sudden and unexpected passing of its Chief Executive Officer, R Bruce Duncan.
According to the company’s management and Board of Directors, he died last week on Thursday, November 12, 2020.
Canada Carbon’s Board is deeply shocked and saddened by Bruce’s passing, and has extended its thoughts and deepest condolences to his family and friends. In an announcement, the Board paid tribute to Bruce’s contributions to Canada’s junior mining landscape.
“Bruce will be greatly missed at Canada Carbon,” the Board said.
“His high energy, vivacious character, affable personality, unwavering stubbornness, and passionate dedication to the company lead Canada Carbon successfully through many trying times during his 15-year tenure as CEO,” the Board added.
The company has appointed its Chief Financial Officer of 13 years, Olga Nikitovic, as the interim CEO, effective immediately. With support from Canada Carbon’s Board and associated technical staff, Olga will make sure that the success brought about by Bruce’s hard work will continue to endure after his passing.
At the time of his death, Bruce was also the CEO of the publicly listed Canadian-based mining company, Evolving Gold. In an announcement, the company described Bruce as “not only our CEO” but “also a valued friend”.
Evolving Gold’s management and Board of Directors have not yet announced an Interim CEO, but will meet shortly to discuss the company’s path forward. Like Canada Carbon, Evolving Gold’s share price has also dipped since the announcement of his passing, although not by as much.
Canada Carbon is down 21.62 per cent, and trading for C$0.14 per share, as of 10:14am EST.
Evolving Gold is down 7.69 per cent and is trading for 6 cents per share, as of 9:56am EST.
