Paulson & Co has convinced shareholders of Detour Gold to overthrow the bulk of the Canadian miner’s board of directors, including its interim CEO, ending a nasty six-month proxy battle.
Five of the Paulson-backed nominees were chosen, while Detour chairman Alex Morrison and interim CEO Michael Kenyon were removed from the board during a special shareholders’ meeting Thursday in Toronto, the miner said in a statement, confirming an earlier report by Bloomberg.