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Lydian Armenia Board of Directors









Doug Tobler

Chief Financial Officer

B.S. in Business Administration (Accounting) 

He has more than 30 years of experience in finance, accounting and mining industries. During Çöpler gold mine development, he has been Alacer Gold's equity/debt markets specialist. He joined Lydian in April 2014. 












Dr. Hayk Aloyan 

Managing Director 
PhD Ore Deposit Geology

Dr. Aloyan has 20 years of mining exploration industry experience. He was formerly Deputy Chief of the Geological Survey in the Armenian Mining and Metallurgical Institute. Dr. Aloyan is widely published on Armenian metallogenesis, he is also a specialist in resource estimation.









Armen Martirosyan 

Finance Manager

Mr. Martirosyan has 15 years' experience in the finance and economics sectors, of which 4 years have been specific to the mining industry. He previously worked for 7 years with Grant Thornton becoming an auditor and was the Finance Manager of Deno Gold Mining Company for 2 years. Mr. Martirosyan is member of Association of Chartered Certified Accountants.












Dr. Armen Stepanyan

VP Sustainability 
BE Chemical Engineering, ME Environmental Engineering, PhD (geoecology), MBA (major/finance)

Dr. Stepanyan has 14 years' experience in environmental studies and 6 years as a researcher at the National Academy of Sciences of Armenia. He was head of the central analytic laboratory of the Center for Ecological and Noosphere Studies of Armenia, participating in environmental projects funded by CRDF and NATO. He has worked as a water quality expert for UNDP-SIDA funded project, and also as Senior Specialist-State Inspector on Radioactive Waste Management at the Armenian Nuclear Regulatory Authority. Dr. Stepanyan has published scientific articles and 3 patents.