Gold Coast Mining's Board of Directors announced today that it has chosen a new Chief Executive Officer (CEO), whose identity shall be revealed upon his induction into office on July 8. The new CEO would be replacing interim CEO Marc Lovito.

The newly appointed CEO has a successful track record as a corporate finance professional, with a background in restructuring, commercial lending, mergers and acquisitions, structured finance, and international trade and risk/treasury management. In addition, the new CEO has extensive industry knowledge in the areas of Mining, Transportation, Logistics, Aerospace and Defense, Aviation.

"We could have not found a better individual to lead Gold Coast forward. His impeccable background, history of success and extensive resources across various industries opens an unlimited number of potential opportunities. He brings leadership, acquisitions and the resources necessary to consummate them," says Lovito, who would be leaving the CEO position vacant on July 8, 2013. He would still, however, remain as a member of the Board of Directors and also help in transition of the new CEO.