Wheaton promotes Hodaly to CEO, names Smallwood chair

Wheaton Precious Metals (TSX, NYSE, LSE: WPM) said Friday that President Haytham Hodaly will succeed Randy Smallwood as CEO next month to support the company’s next phase of growth. 

Hodaly, a seasoned mining industry executive who joined Wheaton in 2012 as senior vice president of corporate development before being promoted to president in 2025, will assume the top job March 31 and join the company’s board, Wheaton said in a statement. After more than 15 years of leading the business he co-founded, Smallwood will assume the role of non-executive board chair while George Brack, who has served as chair since 2022, will become lead independent director. 

A mining engineer by training and a former director and mining analyst at RBC, Hodaly brings a unique combination of technical expertise and capital markets experience, Wheaton said. He will be tasked with guiding strategy and ensuring effective execution across all areas of the business. 

“I am honored to step into the role of President and CEO at such an exciting time in both the company’s history and the broader precious metals market,” Hodaly said in a news release.  

“We have a clear vision for the future and an exceptionally strong foundation from which to grow, positioning us well to support the next generation of mine builders in an unprecedented environment for gold and silver,” he said.  

“Our focus remains on delivering sustainable value for all stakeholders, while maintaining the principles that have made Wheaton a leader in the streaming industry. I am deeply grateful to Randy for his guidance and mentorship, and to the board for their confidence in me. I look forward to working closely with our talented team and board as we pursue new opportunities and advance the company’s next phase of growth.” 

Hodaly has played a pivotal role in executing more than $11 billion in streaming transactions, significantly advancing the company’s growth trajectory while building and leading one of the most highly regarded technical teams in the industry. 

“Building and leading this extraordinary organization alongside such a dedicated and talented team has been the privilege of my career,” Smallwood said. 

“I am deeply grateful to the board – current and former members included – for its guidance and partnership over the past two decades, as well as our team for their steadfast commitment to creating what I believe is one of the strongest precious metals companies in the world today,”  he said.  

Since co-founding Wheaton in 2004 and becoming CEO in 2011, Smallwood guided Wheaton from the world’s first streaming business to one of the largest precious metals companies in the world.