Barrick's Leadership Changes Herald New Opportunities Ahead
Leadership Transition at Barrick Mining Corporation
In an exciting development for Barrick Mining Corporation, renowned mining executive Mark Hill has been appointed as Group COO and Interim President and Chief Executive Officer. This transition follows the departure of former CEO Mark Bristow, who has played a significant role in steering the company for nearly seven years.
Mark Hill's Background and Experience
Mark Hill brings over 30 years of industry expertise to his new role. Having joined Barrick in 2006, his journey has taken him through leadership positions across the company's operations in Latin America and the Asia Pacific regions. His contributions have been vital in formulating strategic decisions, particularly regarding the exploration initiatives at the Fourmile gold project in Nevada.
Search for a Permanent Replacement
The Board of Directors has swiftly initiated a search for a permanent President and CEO, led by a dedicated Search Committee chaired by Brett Harvey. This committee has engaged a reputable executive search firm to ensure the right candidate is selected, emphasizing the importance of capitalizing on Barrick's extensive assets and capabilities.
Looking Back at Mark Bristow’s Tenure
During Mark Bristow's tenure, Barrick underwent a significant transformation post-merger with Randgold. Under his leadership, the company has returned an impressive $6.7 billion to shareholders and successfully reduced net debt by $4 billion. These achievements underline Barrick's robust commitment to maintaining profitable growth in the gold and copper sectors.
Forward Thinking: The Future of Barrick
Chairman John Thornton expressed deep gratitude towards Mark Bristow, recognizing his pivotal role in shaping Barrick into a premier global producer of gold and copper. Thornton stated, “Mark Hill’s extensive knowledge and experience will be instrumental in upholding the momentum we have established.”
About Barrick Mining Corporation
Barrick stands as a prominent player in the global mining landscape, boasting an impressive portfolio of gold and copper assets, including six Tier One gold mines. With operations across 18 countries and five continents, Barrick has established itself as the largest gold producer in the United States. The company is committed to creating sustainable value for its stakeholders through responsible mining practices and strategic partnerships.
Investor Relations and Media Contact Information
For those interested in more information or inquiries, please reach out to:
Investor Relations
Cleve Rueckert, +1 775 397 5443
cleveland.rueckert@barrick.com
Media Contacts
Brunswick Group
Carole Cable, +44 (0) 7974 982 458
barrick@brunswickgroup.com
Frequently Asked Questions
What recent leadership changes occurred at Barrick Mining Corporation?
Barrick Mining Corporation appointed Mark Hill as Group COO and Interim President and CEO, succeeding Mark Bristow.
What is Mark Hill's background?
Mark Hill has over 30 years of mining industry experience, having been with Barrick since 2006 and managing operations in Latin America and the Asia Pacific.
Why did Mark Bristow step down?
Mark Bristow stepped down after nearly seven years, during which he significantly strengthened Barrick's portfolio and led successful growth strategies.
What is the Board's plan for finding a permanent CEO?
The Search Committee, led by Brett Harvey, is working with an executive search firm to identify the ideal candidate for the President and CEO position.
What is Barrick’s operational reach?
Barrick operates in 18 countries across five continents and is recognized as the largest gold producer in the United States.
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