David Rae to Succeed John Huguet as CEO
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/25/10 -- The Board of Directors of Andean American Gold Corp. ('Andean American' or the 'Company') (TSX VENTURE: AAG)(FRANKFURT: AQN) announces that Mr. John F. Huguet will step down as Chairman and Chief Executive Officer of the Company, effective December 31, 2010. The Board has appointed the Company's current President, Mr. David Rae, to the position of President and Chief Executive Officer, effective January 1, 2011. Mr. Paulo Bilezikjian, currently the Company's lead independent director, will assume the role of Chairman of the Board. Mr. Bilezikjian is an asset manager with extensive experience in emerging markets and an excellent track record in investment management. Mr. Huguet will remain available to Andean American as a consultant to facilitate managerial continuity and provide the Company with ongoing access to his experience.
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