UPDATE: AuRico Gold Sinks 13% - CEO Steps Down for Health Reasons


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AuRico Gold Inc. ( AUQ ) is down 13.26% to $6.54 after the company earlier announced that Ren Marion, its president, chief executive officer and director has tendered his resignation for health reasons effective September 3, 2012. Scott Perry has been appointed president and CEO.

The company said Marion has a non-life threatening degenerative medical condition that will require his full attention as he undergoes treatment. He will remain with the company as a strategic advisor to the Board of Directors.

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This article appears in: Investing , Commodities

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