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Barrick Gold Corp
Symbol ABX
Shares Issued 1,164,669,608
Close 2014-11-18 C$ 15.04
Market Cap C$ 17,516,630,904
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Globe/WSJ say Barrick shakeup continues as CFO exits

2014-11-19 09:12 ET - In the News

The Globe and Mail reports in its Wednesday edition Barrick Gold's chief financial officer, Ammar Al-Joundi, will leave the company in another personnel move at the world's largest gold miner following the arrival of chairman John Thornton. A Wall Street Journal item inside The Globe says Mr. Al-Joundi will be replaced by Shaun Usmar on Feb. 18. Mr. Usmar was a CFO in units of fellow miner Xtrata PLC, which was taken over by Glencore International PLC in 2013. Before to joining Xstrata, Mr. Usmar worked in finance and business development roles at BHP Billiton. Mr. Thornton became sole chairman in April this year with the retirement of founder Peter Munk. Since then, the miner has seen several changes in its senior personnel. In July, chief executive officer Jamie Sokalsky left the company to be replaced by a dual CEO role that effectively left Mr. Thornton in control. Other execs, including the company's head of mergers and acquisitions, have left or been replaced. Barrick closed Tuesday at $15.04, up 97 cents on the Toronto Stock Exchange.

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