Iamgold (NYSE:IAG) Names Enbridge (TSE:ENB) Exec as CEO

Iamgold (NYSE:IAG) announced it has chosen former executive vice president for gas transportation and international at Enbridge Inc.(TSE:ENB), Stephen Letwin, to take over the reins of the company.

Iamgold chairman William Pugliese said, "Steve brings a proven track record in both operations and acquisitions in a highly competitive sector of the resources industry.

"I am confident he will deliver superior returns to our stakeholders.”

Letwin is replacing interim CEO Peter Jones, who stepped in after the sudden and surprising departure of Joseph Conway, who had led the company for seven years.

Letwin will step into the role on November 1. He will also take on the position of president for Iamgold.