North American Palladium (NAP) has announced that its vice president and Chief Financial Officer has resigned.

The firm revealed that Ian M MacNeily has decided to leave the company in order to pursue other business interests.

"Ian has done an outstanding job at NAP since joining the company," said Jim Excell, president and Chief Executive at NAP.

Mr MacNeily will officially leave NAP on January 21st and the company has said it has immediately begun the search for his successor.

NAP is looking both internally and externally for a replacement, the firm added.

Mr Excell added: "[Mr MacNeily's] financial leadership has been very instrumental in helping the company successfully position itself for continued growth and performance. We wish Ian every success in his new ventures."

Ÿ Adfero Ltd