The Globe and Mail reports in its Tuesday edition that Barrick is parting ways with chief financial officer Graham Shuttleworth, the latest leadership change at the gold miner as it works with an activist shareholder to reinvigorate the company after a long period of underperformance.
The Globe's Niall McGee writes that Barrick said Mr. Shuttleworth, who had been at the company for seven years, is leaving after it files its year-end financial results. Mr. Shuttleworth joined the company after it acquired Randgold Resources in 2019, and for decades worked alongside Mark Bristow, the former chief executive officer of Barrick.
On March 1, Mr. Shuttleworth will be replaced by board member Helen Cai, a resident of China and a former equity analyst and investment banker with a state-controlled Chinese bank. Ms. Cai earlier worked as an analyst with Goldman Sachs in the United States, and has more than two decades of experience in the mining, industrial and technology sectors.
She was educated at Tsinghua University in China and at MIT in the U.S. Activist investor Elliott Investment Management last year amassed a $1-billion stake in Barrick and has been agitating for change, including a possible split of the company.
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