Eldorado outlines leadership transition as CEO Burns plans retirement
Gold miner Eldorado Gold on Wednesday outlined a leadership transition plan that will see CEO George Burns retire later this year, with president Christian Milau set to take over the top role.
Burns will step down in the third quarter of 2026 as the Skouries project, in Greece, ramps up toward commercial production. He will remain on the company’s board following his retirement, while Milau will join the board once he assumes the CEO position.
The leadership transition forms part of broader succession planning as Eldorado progresses its growth strategy and proposed combination with Foran Mining.
“The planned transition reflects a deliberate and well-sequenced approach to leadership succession, aligned with the delivery of Skouries and the long-term interests of the Company,” said board chair Steven Reid.
“I’m proud of the progress our teams have delivered across the portfolio and the momentum we have heading into this next chapter,” Burns said.
“I’m fully committed to supporting Christian and our leadership team through this transition, and to continuing to contribute at the Board level as Eldorado advances Skouries toward commercial production.”
As part of board succession planning, Reid has also indicated his intention to retire from the board at the company’s annual shareholder meeting in 2027, after 13 years of service.
Eldorado said that following completion of the proposed transaction with Foran, Dan Myerson, executive chair and CEO of Foran, will join the board as deputy chair.
The leadership update was included in a joint management information circular mailed to shareholders of both companies ahead of meetings to vote on the proposed combination. The circular outlines details of the transaction and the matters to be considered by shareholders.
