Dynacor Announces Retirement of Mr. Léonard Teoli and Appointment of New Chief Financial Officer
Dynacor Announces Retirement of Mr. Léonard Teoli and Appointment of
New Chief Financial Officer
Montreal, April 28, 202 5 – Dynacor Group Inc. (TSX : DNG) ( “Dynacor” or the "Corporation"), today
announced with deep gratitude the retirement of Mr. Léonard Teoli and the appointment of a new Chief Financial
Officer.
After a 14-year career at Dynacor and following a long-standing transition plan, Mr. Léonard Teoli will retire from
the Corporation as Chief Financial Officer and Vice -President, Finance. He had informed both the CEO Jean
Martineau and the board in June 2024 of his intention to retire after the 2024 year-end financial results.
“Léonard has ably shepherded our financial performance since our start-up period, while instilling the discipline
to invest in priorities that set the stage for our next chapter," said Jean Martineau, President and CEO . “His
experience and knowledge of the mining sector were of great benefit to Dynacor and have created an
opportunity to build on a strong foundation . Over the past 14 years, he has been an invaluable partner to me
and to the management team. I have greatly appreciated working with Léonard."
“Members of the Board of Directors join with members of the management team and Dynacor employees in
congratulating Mr. Teoli for his durable contribution and for his greatly appreciated personality. We wish Léonard
a fulfilling retirement, full of new adventures and precious moments with his loved ones. ”
Nomination of Stéphane Lemarié, CPA
The Corporation is pleased to announce, effective May 1, 2025, the appointment of Stéphane Lemarié as new
Chief Financial Officer and Vice-President, Finance. Stéphane is a seasoned accounting and finance executive
with over 25 years of experience in senior auditing and finance management roles in multinational environments
within both public and private corporation s. He joined Dynacor in 2017 as Controller and Director of Financial
Information where he has successfully stewarded the company’s financial reporting and capital allocation. Prior
to this, he spent three years at MPC (Technicolor) in Montreal where he held the key role of Financial Controller.
Stéphane began his career in international finance as an auditor for KPMG in France, serving large industrial
clients for 14 years.
"As we begin to execute on our international expansion plans , Stéphane will bring a combination of financial,
operational and sector expertise to complement our reinforced leadership team," said CEO Jean Martineau.
"He has a track record of managing near -term performance and long -term planning, and he has a deep
understanding of the complexities of our unique business model."
About Dynacor
Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal
miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent
traceability and audit standards for t he fast-growing artisanal mining industry. By focusing on fully and part -
formalized miners, the Canadian company offers a win -win approach for governments and miners globally.
Dynacor operates the Veta Dorada plant and owns a gold exploration property in P eru. The company plans to
expand to West Africa and within Latin America.
The premium paid by luxury jewellers for Dynacor’s PX Impact® gold goes to Fidamar Foundation, an NGO that
mainly invests in health and education projects for artisanal mining communities in Peru. Visit www.dynacor.com
for more information.
Forward-Looking Information
Certain statements in the preceding may constitute forward-looking statements, which involve known and
unknown risks, uncertainties and other factors that may cause the actual results, performance, or
achievements of Dynacor, or industry results, to be materially different from any future result, performance or
achievement expressed or implied by such forward-looking statements. These statements reflect
management’s current expectations regarding future events and operating performance as of the date of
this news release.
Contact:
For more information, please contact:
Ruth Hanna
Director, Investor Relations
T: 514-393-9000 #236
Website: http://www.dynacor.com