Perseus Mining Welcomes New Leadership for Future Growth
Leadership Transition at Perseus Mining
Perseus Mining Limited has made waves in the mining sector as it announces the retirement of its long-serving Managing Director and Chief Executive Officer (CEO), Jeff Quartermaine. With an impressive 12-year tenure, Jeff Quartermaine has been instrumental in transforming Perseus from a solitary gold mine into a multifaceted gold production powerhouse. As he prepares to retire on September 30, 2025, the company is set for a new chapter under the leadership of Craig Jones.
Jeff Quartermaine's Tenure
Upon joining Perseus in 2010 as the Chief Financial Officer, Quartermaine displayed remarkable leadership skills that led to his appointment as CEO in 2013. During his years in this role, he spearheaded the company’s growth trajectory, evolving it into a significant player in the gold mining industry across Africa. His visionary leadership has facilitated Perseus’s entry into the ASX100 index in June 2025, marking a milestone for the company.
Achievements During His Leadership
Under Quartermaine's stewardship, Perseus expanded its operational footprint, currently boasting three functioning gold mines located in Ghana and Côte d’Ivoire, with a promising fourth mine under development in Tanzania. This expansion highlights his adeptness at navigating complex market conditions and operational challenges, leading to substantial growth and development of organizational capabilities.
Craig Jones: The Incoming CEO
Stepping into the big shoes left by Quartermaine, Craig Jones brings over 25 years of international mining experience to Perseus. Previously, he served as the global COO for Newcrest Mining, overseeing multiple operational assets and establishing strong relationships with stakeholders. His appointment as CEO is scheduled for October 1, 2025, and he will join the company earlier on August 18, 2025.
Future Directions Under New Leadership
Recognized for his strategic leadership and deep understanding of diverse mining jurisdictions, Craig Jones is poised to lead Perseus through a pivotal period of growth. His commitment to fostering a robust safety culture, alongside operational excellence, aligns with the company's ongoing mission to maximize stakeholder value while adhering to sustainable practices.
Farewell Statements and Legacy
In his farewell remarks, Quartermaine expressed profound gratitude for his time at Perseus, noting the collective effort of staff and community stakeholders in achieving significant milestones. His legacy reflects not only the physical transformation of the company but also the positive impact it has had on various host communities, enhancing the livelihoods of many.
Looking Ahead
As Perseus Mining prepares to welcome Craig Jones, the company's vision remains focused on expanding its operational base and increasing gold production. The development of the Nyanzaga mine in Tanzania is anticipated to commence in early 2027, complementing existing operations and further strengthening Perseus's market position.
Frequently Asked Questions
Who is the retiring CEO of Perseus Mining?
The retiring CEO is Jeff Quartermaine, who will step down on September 30, 2025, after serving for 12 years.
Who will replace him as CEO?
Craig Jones, the former global COO of Newcrest Mining, will assume the CEO role on October 1, 2025.
What significant achievements did Quartermaine lead?
Under his leadership, Perseus expanded to multiple mines and entered the ASX100 index in June 2025.
When did Craig Jones join Perseus Mining?
Craig Jones will join the company on August 18, 2025, ahead of officially taking over as CEO on October 1, 2025.
What is Perseus Mining's future project?
Perseus is developing the Nyanzaga mine in Tanzania, which is expected to begin production in early 2027.
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