The world’s top gold miner has a new CEO from Oct 1
Gold major Newmont Goldcorp on Tuesday announced that former COO Tom Palmer would succeed Gary Goldberg as president and CEO on October 1.
Palmer, who is currently president, was previously named as successor to Goldberg, who will retire after more than seven years of service to the gold major.
From October 1, 2019, to March 31, 2020, Goldberg would serve as executive adviser to support Palmer and the executive leadership team.
“Working closely with Gary over the last five years, Tom and our experienced team are the right leaders to continue executing Newmont Goldcorp’s proven strategy, and to take the company’s performance to higher levels,” commented chairperson Noreen Doyle.
Since May of 2016, when Palmer was appointed executive VP and COO – with more than 85% of the company’s workforce reporting to him – Newmont Goldcorp has generated more than $2-billion in free cash flow and commissioned two new mines and six expansions on four continents, on or ahead of schedule and within or below budget.
Palmer has also played a central role in leading the Newmont Goldcorp integration and the establishment of the joint venture with Barrick in Nevada, in the US.
“I’ve known Tom for more than 17 years and have had the pleasure of working closely with him to achieve superior operational performance and lead the gold sector in profitability and responsibility,” said Goldberg.
“I’m proud of what we accomplished together and I know Tom is the best person to continue delivering exceptional business results while growing Newmont Goldcorp’s margins, reserves and resources.”
Prior to assuming leadership of Newmont Goldcorp’s operations and projects in 2016, Palmer led the company’s business in the Asia Pacific region, which generated nearly 40% of Newmont’s revenues at the time.
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