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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