The Globe and Mail reports in its Friday, Nov. 21, edition that activist mining veteran Mick McMullen is running for chief executive officer of Barrick Mining, believing the company's issues are fixable.
The Globe's Niall McGee writes that Mr. McMullen, in an interview, said some of Barrick's major shareholders have reached out to discuss his interest in the job and his vision for the company.
He expressed his energy and vision for the CEO spot, citing a strong record from his previous work with an activist investor to turn around Detour Gold. Mr. McMullen did not confirm if Barrick had approached him.
"It's a really interesting opportunity, but ultimately it will come down to what does the board want," he said about the prospect of becoming the next CEO of Barrick. "But certainly it's not unlike things that I've done before." Barrick cut ties in September with previous CEO Mark Bristow. Barrick installed Mark Hill as interim CEO as it searches for a permanent replacement for Mr. Bristow. Mr. McMullen says that his biggest priority, if he is the next CEO, would be to listen to shareholders and make sure that the company is executing on a plan that management, the board and shareholders all are aligned with.
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