IAMGOLD Corporation announced that CEO Stephen J.J. Letwin has announced his intention to retire following a successful decade at the helm of IAMGOLD and P. Gordon Stothart, President and COO, will succeed Mr. Letwin in the role of President and Chief Executive Officer and will join the Board of Directors, effective March 1, 2020. Mr. Letwin and Mr. Stothart have worked closely since Mr. Letwin's appointment as CEO a decade ago. This long shared tenure provides for an effective and seamless transition of leadership.

The transition is part of the ongoing succession planning by the Board of Directors. Mr. Letwin will continue to be available to assist in the transition post-retirement as a consultant, particularly in the area of government relations. Steve Letwin was appointed President and Chief Executive Officer and director of the Board of IAMGOLD on November 1, 2010.

Specializing in corporate finance, operational management, and mergers and acquisitions, Mr. Letwin brought to IAMGOLD over 30 years of experience from the highly-competitive resource sector. During his time with IAMGOLD, he aligned the Company with a vision of an intermediate,pure gold play, managed government relations with the partners in Suriname, Burkina Faso and Senegal, and led corporate strategy. Gordon Stothart joined IAMGOLD in December of 2007 and has over 20 years of mining industry experience.

As COO, Mr. Stothart oversaw all aspects of operations and project development. Prior to joining IAMGOLD, Mr. Stothart managed and developed three major copper projects in South America and provided oversight of the large scale Antamina and Collahuasi mines. Mr. Stothart was appointed Chair of the Mining Association of Canada in June 2019.

He graduated from the University of British Columbia in 1987 with a Double Major in Mining and Mineral Process Engineering.