Eric Sprott, whose gold and resource-based hedge funds soared sixfold over nine years, is stepping down as CEO of Sprott Inc. and will be replaced by Peter Grosskopf on Sept. 7.
Mr. Sprott becomes chairman, replacing Jack Lee, and will be chief investment officer of Sprott Asset Management. Mr. Lee will be Sprott Inc.'s lead director.
Mr. Grosskopf joins Sprott Inc.'s board and will serve as president and CEO of Sprott Resource Lending. Sprott Asset Management's senior portfolio manager Peter Hodson will be stepping down from the board.