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8 years ago
UPDATE 2-Search on for yet another CEO at Athabasca Potash
October 1, 2009 / 4:48 AM / 8 years ago

UPDATE 2-Search on for yet another CEO at Athabasca Potash

2 Min Read

* Robert Boyd resigns after just two months

* Latest in series of management upheavals

* Board says search on for successor (Adds company comment, share price move, dateline)

TORONTO, Oct 1 (Reuters) - Athabasca Potash Inc API.TO said late on Wednesday that Chief Executive Robert Boyd had resigned, the latest development in a series of management upheavals at the company.

Last month, shareholders of the Canadian potash explorer elected an alternative slate of directors nominated by former CEO Dawn Zhou, ousting the board that removed Zhou earlier this year. [ID:nN26279066] [ID:nN04157060]

Saskatoon, Saskatchewan-based Athabasca said its board was now searching for a successor to Boyd, who headed the company for less than two months. He was named CEO in August after the former board ousted Zhou in June.

A spokesman for Athabasca declined to comment on whether Zhou would once again take the helm and said the company did not have a specific time frame for naming a new CEO.

The spokesman said Zhou, who is currently executive chairman, will be working closely with Athabasca's management team to steer the company until a new CEO is named.

Shares of Athabasca were down 6 Canadian cents to C$5.97 on Thursday on the Toronto Stock Exchange.

$1=$1.07 Canadian Reporting by Euan Rocha in Toronto and Ajay Kamalakaran in Bangalore; Editing by Anshuman Daga and Rob Wilson

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