Sprott, Inc. (TSX: SII) and its subsidiary Sprott Asset Management have recently announced several anticipated shifts and changes in Sprott’s top management. According to the company, in early September of this year Peter Grosskopf will replace Eric Sprott as CEO of Sprott, Inc. and will join the company’s Board of Directors. Mr. Grosskopf will also be named CEO and President of Sprott Resource Lending Corp. “I am delighted to rejoin Eric Sprott and his team at this exciting time as the Company continues to evolve its products offerings,” commented Mr. Grosskopf. “I am excited by the challenge of capitalizing on this platform by growing the Company into a leading global performance-based money manager.”
Mr. Sprott will in turn replace Jack Lee as the company’s Chairman and will also fill the position of Chief Investment Officer of Toronto-based Sprott Asset Management, a wholly-owned subsidiary of Sprott, Inc. Mr. Sprott commented, “Peter will also provide additional depth to our executive management team and allow me to further focus on my role as Chief Investment Officer of Sprott Asset Management LP and Portfolio Manager for a number of our funds.” Jack Lee will assume the role of Lead Director of the company.
Sprott Asset Management’s Senior Portfolio Manager Peter Hodson will step down from the Board but will continue in his role as Chairman of Sprott Asset Management and lead Portfolio Manager of its Sprott Growth Fund. Kevin Bambrough will remain in his positions as President of Sprott, Inc. and CEO of Sprott Consulting.
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