* Says Peter Grosskopf to succeed Eric Sprott as CEO
* Appointment effective Sept. 7
* Grosskopf to get 5 mln Sprott shares over 3 years
July 13 (Reuters) - Sprott Inc, one of Canada's best-known fund managers, said Peter Grosskopf will take over as chief executive effective Sept. 7.
Eric Sprott, who has been the CEO of the company since November 2009, will replace Jack Lee as the chairman of Sprott Inc.
Grosskopf will also serve as the chief executive of Sprott Resource Lending Corp, currently known as Quest Capital Corp. .
Sprott Inc, which has built a reputation for bucking market trends, had agreed with Vancouver-based real estate lender Quest Capital to rebrand and serve the resource and energy sectors.
Grosskopf, who has over 23 years of experience in the Canadian financial services industry, will get five million common shares of Sprott Inc over the next three years.
Shares of Sprott Inc closed at C$3.30 Tuesday on the Toronto Stock Exchange.
(Reporting by Krishna N. Das in Bangalore; Editing by Unnikrishnan Nair) Keywords: SPROTT/ (Krishna.das@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: Krishna.das.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Appointment effective Sept. 7
* Grosskopf to get 5 mln Sprott shares over 3 years
July 13 (Reuters) - Sprott Inc, one of Canada's best-known fund managers, said Peter Grosskopf will take over as chief executive effective Sept. 7.
Eric Sprott, who has been the CEO of the company since November 2009, will replace Jack Lee as the chairman of Sprott Inc.
Grosskopf will also serve as the chief executive of Sprott Resource Lending Corp, currently known as Quest Capital Corp. .
Sprott Inc, which has built a reputation for bucking market trends, had agreed with Vancouver-based real estate lender Quest Capital to rebrand and serve the resource and energy sectors.
Grosskopf, who has over 23 years of experience in the Canadian financial services industry, will get five million common shares of Sprott Inc over the next three years.
Shares of Sprott Inc closed at C$3.30 Tuesday on the Toronto Stock Exchange.
(Reporting by Krishna N. Das in Bangalore; Editing by Unnikrishnan Nair) Keywords: SPROTT/ (Krishna.das@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: Krishna.das.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.