30 July 2024
Oakville, ON - July 30, 2024 – Baffinland Iron Mines Corporation ("Baffinland") today announced the resignation of Brian Penney as Chief Executive Officer. Mr. Penney has decided to leave his position to allow more time with his family on the east coast of Canada, following a tenure marked by significant achievements and growth for the company.
Effective immediately, Brian’s responsibilities will be assumed by Jowdat Waheed, President and CEO of Baffinland’s parent company, Nunavut Iron Ore, Inc., to whom Brian has reported. Brian will remain with Baffinland for a transition period to ensure a seamless handover of responsibilities. We are confident that the strength of our team and the foundation Brian has helped build will continue to drive Baffinland's overall successes, including our focus on safety, the progression of the Steensby Project, our ongoing and growing Inuit engagement, our environmental stewardship and ensuring Nunavut’s high-grade iron ore is a cornerstone of the green steel transition.
"Working with Baffinland has been an incredible journey, and I am proud of what we've accomplished together," said Mr. Penney. "As I step down, I want to express my deep gratitude to all stakeholders, including the people who work at Baffinland, our Inuit partners and the communities of Baffin Island. It has been an honour to lead the Company and I know the future is bright for Baffinland."
The entire Baffinland team extends their sincere thanks to Brian for his leadership and contributions. His commitment has been instrumental in positioning the company for continued success.