Rob McEwen

Rob McEwen
Born April 15, 1950

Rob McEwen, CC (born April 15, 1950) is a Canadian businessman. He is the chairman and CEO of McEwen Mining Inc., Chairman of Lexam VG Gold Inc. and was the founder and former chairman and CEO of Goldcorp Inc., which is the world’s largest gold producer based on market capitalization. McEwen followed his father into the investment industry and also developed a passion for gold.

In 1990 McEwen stepped into the mining industry, where he transformed Goldcorp from a collection of small companies into a mining powerhouse. Since 1993, when McEwen started re-structuring Goldcorp, its market capitalization has grown from $50 million USD to over $20 billion and Goldcorp's share price has increased at a 31% compound annual growth rate.

There was a scenario in which he was undecided where to mine the gold. In the end, he used the internet to post all the data on the mine, and invite scientists all over the world to take the challenge of helping Goldcorp find its next successful 6 million ounces of gold. His colleagues were horrified that he wanted to share the company's proprietary data with the world. But response was overwhelming and many qualified participants submitted detailed drilling plans to the company.[1]

Rob believes that management should be as personally invested in a company as its shareholders, and as such, he owns 25% of the outstanding shares of McEwen Mining Inc. and 27% of Lexam VG Gold Inc.'s. Rob receives no salary.

A graduate of St. Andrew's College, Aurora, Ontario, Canada in 1969 , McEwen later earned a B.A. from the University of Western Ontario, London, Ontario, Canada and an MBA from the Schulich School of Business. Rob also holds an Honorary Doctor of Laws Degree from York University, Toronto, Ontario, Canada.[2]

McEwen is a member of WPO, the Canadian Council of Chief Executives and the Dean's Advisory Board, Schulich School of Business, Toronto.

On July 3, 2007 McEwen was appointed to the Order of Canada, the country's highest civilian honor.[3]

Philanthropy

The R.R. McEwen atrium of the Toronto General Hospital, southwest corner of the site, view from University Avenue.

McEwen's philanthropic efforts are designed to encourage excellence and innovation in health care and education. McEwen has donated in excess of $25 million over the past four years including: $20 million to establish the McEwen Centre for Regenerative Medicine at the Toronto General Hospital; $1.5 million to Schulich School of Business, Toronto, Ontario, Canada; $1.0 million to the Red Lake Margaret Cochenour Memorial Hospital, Red Lake, Ontario, Canada, and $0.7 million to two museums and a church.

Awards

References

  1. ↑ Rob McEwen's gold mining effort "Mavericks at Work", "Daily Tools" Black Book (blog), 17 November 2014
  2. ↑ Corporate website: http://mcewenmining.com/Management/CEO/default.aspx
  3. ↑ US Gold & Lexam CEO Rob McEwen Appointed to the Order of Canada; Canada's Highest Civilian Honour: Financial News - Yahoo! Finance
  4. ↑ Governor General of Canada Order of Canada recipient
  5. ↑ Honorary degrees, York University

External links