Mainstay of the resource sector, Rick Rule, is stepping back.
In a press release from yesterday, Sprott announced Rick Rule will retire his senior managing director role at Sprott Inc.; President & CEO, Sprott U.S. Holdings.
Rule will continue to serve as a director at Sprott and will play “…an ongoing role in the management of certain Sprott investment strategies.”
“Rick has been a key part for the evolution of Sprott into one of the world’s leading natural resource focused asset managers and we wish him the best as he steps back from his day-to-day responsibilities,” said Peter Grosskopf, CEO of Sprott. “We look forward to continuing to work closely with Rick as a Director of Sprott, an adviser to some of our investment vehicles, and in an ongoing marketing capacity.”
“After more than four decades of investing in the natural resource sector, more than 10 years of which have been spent as part of the Sprott organization, I’m looking forward to slowing down,” said Rick Rule. “I will remain a director of Sprott, as well as the company’s largest shareholder. I am excited to continue supporting the investment team on certain strategies and would like to extend my sincere thanks to Sprott’s clients and shareholders and all of my colleagues in the Sprott organization.”