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"Global Mining Descisions in Your Palms"
Major changes are taking place at Newmont Goldcorp Corporation’s Executive team with Tom Palmer current President and Chief Operating Officer set to take over as Chief Executive Officer from Gary Goldberg effective 1 October 2019.
Tom became President and Chief Operating Officer of Newmont Goldcorp in November 2018. Previously, he served as Executive Vice President and Chief Operating Officer since May 2016 – with more than 85 percent of the Company’s workforce reporting to him – Newmont Goldcorp has generated more than $2 billion in free cash flow and commissioned two new mines and six expansions on four continents, on or ahead of schedule and at or below budget. Mr. Palmer has also played a central role in leading the Newmont Goldcorp integration and the establishment of the joint venture with Barrick in Nevada Mr. Palmer was elected Senior Vice President, Asia Pacific in February 2015 after serving as Senior Vice President, Indonesia since March 2014. Prior to joining Newmont Goldcorp, he was the Chief Operating Officer, Pilbara Mines at Rio Tinto Iron Ore.
Over a 20-year career with Rio Tinto, Mr. Palmer worked in a variety of roles across a number of commodities, including General Manager, Technology for the Bauxite and Alumina business; General Manager, Operations at Hail Creek coal mine; and General Manager, Asset Management at Palabora Mining Company in South Africa. Mr. Palmer brings extensive experience leading teams and delivering production while implementing safety culture programs and improving diversity. He earned a Master of Engineering Science degree and a Bachelor of Engineering degree from Monash University in Melbourne, Australia.
“As the world’s leading gold company, Newmont remains focused on keeping our people safe, while growing our profit margins through operating, technical and financial discipline,” said Mr. Palmer. “We will also generate value for our shareholders by leveraging Newmont’s leading land position and exploration program in favorable jurisdictions to grow our Reserves and Resources.”
Goldberg will retire from Newmont Goldcorp after more than seven years of exemplary service transforming the company into the world’s leading gold business as measured by assets, prospects and talent.
From October 1, 2019 through March 31, 2020, Goldberg will serve as Executive Advisor to support Palmer and the Executive Leadership Team.
“Working closely with Gary over the last five years, Tom and our experienced team are the right leaders to continue executing Newmont Goldcorp’s proven strategy, and to take the company’s performance to higher levels,” Noreen Doyle, Chair of Newmont Goldcorp’s Board of Directors was earlier on quoted .“Tom’s deep understanding of the business, decades of mining experience, and skill in building high-performing teams will ensure Newmont Goldcorp continues delivering superior business results for our shareholders and other stakeholders.
Gary J. Goldberg has served as Chief Executive Officer and member of the Board of Directors of Newmont Goldcorp Corporation since March 2013. He served as President and Chief Executive Officer from March 2013 until November 2018, and previously served as President and Chief Operating Officer since July 2012 and as Executive Vice President and Chief Operating Officer since December 2011. Prior to joining Newmont Goldcorp, Mr. Goldberg was President and Chief Executive Officer of Rio Tinto Minerals, and served in leadership roles in Rio Tinto’s coal, gold, copper and industrial minerals businesses. Mr. Goldberg has more than 35 years of experience in the mining industry and was inducted into the American Mining Hall of Fame in 2017. He is the current Vice Chair of the World Gold Council and Treasurer of the International Council on Mining and Metals, and served as Chair of the National Mining Association in the United States from 2008 to 2010.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.