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PRESS RELEASE
March 27, 2006
Kinross Announces Appointment of Thomas M Boehlert as CFO
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.”
About Kinross Gold Corporation
Kinross, a world-class gold company based in Canada, has since 1993 become the third
largest primary gold producer in North America and the seventh largest in the world. With nine
mines in stable countries including Canada, the United States, Brazil and Chile, Kinross
employs more than 4,000 people worldwide.