Wheaton Precious Metals Corp. confirmed that Haytham Hodaly, the company’s current President, will become Chief Executive Officer effective March 31 2026, while founding CEO Randy Smallwood will step down from the executive role and assume the position of non‑executive Chair of the Board. The transition was announced on February 5 2026 and is part of a planned succession strategy designed to support the next phase of Wheaton’s growth trajectory.
Haytham Hodaly joined Wheaton in 2012 and rose through the ranks to Senior Vice President of Corporate Development before being promoted to President in 2025. He has been instrumental in executing more than $11 billion of streaming transactions, a record that underscores his deep expertise in securing long‑term mining partnerships and expanding the company’s portfolio across gold, silver, palladium, platinum, and cobalt. His appointment signals a continued focus on aggressive deal‑making and portfolio diversification.
Randy Smallwood, who co‑founded the company (then Silver Wheaton) in 2004, has led Wheaton’s transformation from a silver‑only streaming business into a diversified precious‑metal streaming leader. By moving to a non‑executive Chair role, Smallwood will preserve institutional knowledge and provide strategic oversight while allowing Hodaly to drive day‑to‑day operations and growth initiatives. The transition is intended to maintain continuity and reassure investors that the company’s long‑term vision remains intact.
The streaming model relies on long‑term contracts that provide upfront capital to mining operators in exchange for the right to purchase metals at predetermined prices. This structure creates a stable revenue stream and aligns Wheaton’s interests with those of mining partners. The succession plan reflects the company’s intent to leverage Hodaly’s transaction experience to accelerate the acquisition of new streaming agreements, expand into emerging mining regions, and deepen existing relationships, thereby sustaining the firm’s competitive advantage in a market where counterparty confidence is paramount.
Management emphasized the strategic importance of the transition. Hodaly said, “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. 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.” Smallwood added, “I can truly say that I have never been more confident in our future. Haytham has been instrumental in shaping Wheaton’s success to date, and his leadership will be an essential element of our anticipated next phase of transformative growth.”
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