Michael Fitzsimonds voluntarily stepped down as chief executive officer and chairman of Sparks-based Golden Phoenix Minerals Inc.
Steven Craig, vice president, and Jeffrey Tissier, director, will serve as interim co-chairmen of the publicly held mining company.
The company's board of directors said in a statement that Craig and Tissier have been instructed to strengthen the company's balance sheet, streamline operations and accelerate development of the Ashdown, a molybdenum project in northern Humboldt County.
