Athabasca Potash CEO resigns barely two months after being appointed

In the latest development of a power struggle at Athabasca Potash Inc. (TSX:API), Robert Boyd has resigned as chief executive officer barely two months after being appointed to the post.

SASKATOON — In the latest development of a power struggle at Athabasca Potash Inc. (TSX:API), Robert Boyd has resigned as chief executive officer barely two months after being appointed to the post.

Before taking the CEO’s position at Athabasca in August, Boyd’s corporate background included lead director of Peregrine Diamonds Ltd., chairman of True North Gems Inc and chief executive officer of Aston Mining of Canada Inc.

He was appointed chief executive of Athabasca Potash on Aug. 6 but in early September shareholders led by former CEO Dawn Zhou elected an alternative slate of directors.

Zhou was removed as CEO in late June after a year of deliberations by the company’s board concluded she was too inexperienced and unqualified to run the organization.

The company said late Wednesday in a brief announcement that Boyd had resigned and the new board and company management are seeking a replacement.

Athabasca deals in potash exploration and development. It is currently focused on the Burr Project in Saskatchewan.

Athabasca’s shares closed at $6.03 Wednesday on the Toronto Stock Exchange.

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