Silver Wheaton Corp., which buys and sells silver and gold from mines in Mexico, Canada and the U.S., said Tuesday it has named co-founder Randy V.J. Smallwood as president, effective Jan. 1.
The company said Peter Barnes will remain CEO.
Smallwood became executive vice president for corporate development in 2007, and has been responsible for evaluating and buying new silver sources. Before that he was director of project development for Silver Wheaton and Goldcorp-Wheaton River Minerals.
Silver Wheaton shares fell $1.05, or 6.6 percent, to close at $14.80 on Tuesday.