Alderon Iron Ore appoints new CFO

Stockhouse Editorial
0 Comments| June 11, 2013

Alderon Iron Ore Corp. (TSX: T.ADV, Stock Forum) announced the appointment of François Laurin as Chief Financial Officer of the company.

 According to the Alderon Iron Ore press release, Laurin will join Alderon as CFO on June 17, 2013.

Laurin previously served as Chief Financial Officer of Consolidated Thompson Iron Mines Ltd., which was acquired for $4.9 billion by Cliffs Natural Resources Inc. (NYSE: CLV) earlier in 2011. Most recently he was the President and CEO of Cap-Ex Iron Ore Ltd. (TSX: V.CEV) and CFO of Copper One Inc. (TSX: V.CUO)

Laurin earned a graduate diploma in Public Accountancy and a Bachelor of Commerce degree from McGill University.

Alderon's current CFO, Keith Santorelli, gave notice to Alderon of his intention to pursue other opportunities and is committed to ensuring a seamless transition of his responsibilities to Laurin.

Alderon is a leading iron ore development company in Canada.

On Tuesday, Alderon rose 6% and was trading at $1.06 a share. The company had a market cap of $138 million, based on 130.1 million shares outstanding.

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