Wheaton appoints Haytham Hodaly as CEO; Randy Smallwood to become non-executive chair

Vancouver succession sets stage for next growth phase at Wheaton

VANCOUVER, Feb 5 (Reuters) - Wheaton Precious Metals announces a planned leadership handover as part of strategic succession planning, naming Haytham Hodaly to succeed co‑founder Randy Smallwood as chief executive officer effective March 31, 2026. The metals streaming company frames the move as a transition designed to ensure continuity while positioning for new growth in the precious metals sector. Smallwood will step down as CEO and take on the role of non‑executive chair of the board.

Hodaly, who currently serves as president, is joining the board and assuming the combined role of president and CEO on March 31. A mining engineer by training, he brings technical and capital markets experience from his prior role as a director and mining analyst at RBC and from his decade‑plus at Wheaton. The company highlights his leadership in executing more than $11 billion in streaming transactions and in building a technical team that supports project evaluation and deal execution across Wheaton’s portfolio.

The succession plan emphasizes operational continuity and strategy execution. Hodaly says he is honored to lead Wheaton “at an exciting time for the Company and the precious metals market,” and outlines a vision focused on supporting the next generation of mine builders, delivering sustainable value for stakeholders, and maintaining the principles that established Wheaton as a streaming industry leader. Smallwood reiterates his commitment to the company’s long‑term vision and to mentoring management in his new non‑executive role.

Board realignment and governance continuity

As part of the reshuffle, George Brack, who has served as chair since 2022 and as a director since 2009, transitions to the role of lead independent director. The company presents these moves as complementary layers of governance, with Smallwood remaining closely aligned to strategic direction while Brack provides independent oversight.

The announcement, issued from Vancouver via PR Newswire, frames the leadership evolution as preparation for the company’s next growth phase rather than an abrupt change. Management stresses a steady hand on deal-making and technical evaluation as Wheaton continues to execute on streaming transactions and to back new mine development.