Toronto - Kinross Gold Corporation (TSX-K;
NYSE-KGC) ("Kinross" or the "Company") is pleased to announce the
appointment of Thomas M. Boehlert as Executive Vice President and
Chief Financial Officer of Kinross.
Mr. Boehlert has more than 20 years experience in finance and
banking. Most recently, he was Executive Vice President and Chief
Financial Officer of Texas Genco of Houston, an independent
electric power company. Prior to that, he was Executive Vice
President and Chief Financial Officer of Direct Energy of Toronto,
a North American energy services company. Mr. Boehlert was also
Senior Vice President and Chief Financial Officer of Sithe Energies
of New York, an international independent electric power company.
Mr. Boehlert spent 14 years as a banker at Credit Suisse in New
York and London where he was responsible for covering energy
companies and project finance activities.
Mr. Boehlert holds a B.A. in Accounting from Indiana University,
an M.B.A., Finance from New York University and is a certified
public accountant.
"Thomas Boehlert is an outstanding financial executive with an
excellent track record," said Tye Burt, President and Chief
Executive Officer of Kinross Gold Corporation. "Attracting and
retaining the industry's best people is part of our four-point
strategic plan for growth and Thomas is a great addition to our
team."
This appointment follows the April 7, 2006 retirement of
Lars-Eric Johansson, Kinross' Executive Vice President and Chief
Financial Officer since June 2004. During Mr. Johansson's time with
Kinross, he was instrumental in leading Kinross through the
accounting review process, purchase price reallocation and
impairment testing model development, and the resultant
restatements. He will be providing consultancy services to Kinross
for several months.
"Lars-Eric has played a key role as Kinross has grown to be the
third largest primary gold producer in North America and most
recently in establishing new accounting methodologies and
refocusing the company for the future," added Burt. "The senior
management and the Board of Directors wish to thank Lars-Eric
Johansson for his valuable contribution to the Company and wish him
well in his retirement."