Barrick Gold Corporation

Barrick Gold Corporation

July 13, 2009 08:53 ET

Barrick Announces Management Changes

TORONTO, ONTARIO--(Marketwire - July 13, 2009) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) announced today changes to its senior leadership team and organizational structure.

As part of the Company's efforts to streamline its organization, the various functions under Organizational Effectiveness are being assigned to other existing departments. As a result, Gordon Fife, Executive Vice President of Organizational Effectiveness, will be leaving Barrick effective July 31, 2009. Mr. Fife has been with the Company since 2002 and has made a valuable contribution to its evolution as a global enterprise. Information Technology will be the responsibility of Executive Vice President and Chief Financial Officer Jamie Sokalsky, and Supply Chain Management will be the responsibility of Peter Kinver, Executive Vice President and Chief Operating Officer. The Human Resources and Continuous Improvement functions will now be led by Don Ritz, who will be appointed Senior Vice President, Safety and Leadership Development.

The Company also announced that Alex Davidson, Executive Vice President, Exploration and Corporate Development, has decided to retire, effective August 31, 2009, after a long and successful career in the mining business. Since joining the Company in 1993, Mr. Davidson has made exploration a staple of Barrick's successful business strategies and has contributed to the Company's position that it enjoys today with the largest gold reserves in the industry. Mr. Davidson's responsibilities for corporate development will be assumed by Darren Blasutti, Senior Vice President, Corporate Development, and the exploration function will continue to be led by Rob Krcmarov, Senior Vice President for Global Exploration. Mr. Krcmarov has two decades of international experience and joined Barrick as a result of the Homestake acquisition in 2001.

"Both Alex and Gord have developed great bench strength within their teams. Alex has made a tremendous contribution to Barrick and played an instrumental role in the development of our portfolio, including Lagunas Norte and assets acquired through Homestake and Placer Dome. We all express our gratitude to Alex and sincerely wish him well," said Aaron Regent, President and Chief Executive Officer. "I would also like to thank Gord Fife for his invaluable contribution and in particular his leadership of the integration of the Placer Dome assets into Barrick's operations in 2006."

Barrick Gold Corporation's vision is to become the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

Contact Information

  • INVESTOR CONTACT: Deni Nicoski
    Vice President, Investor Relations
    (416) 307-7410


    MEDIA CONTACT: Vincent Borg
    Executive Vice President, Corporate Communications
    (416) 307-7477