John Thornton
Barrick Gold’s executive chairman John Thornton has moved from executive chairman to chairman after nearly a decade in the position.
The change is “best suited for the company’s next growth phase", the world’s second-largest gold producer said in a regulatory filing on Wednesday.
“In his capacity as Chairman, Mr. Thornton will continue to provide leadership and direction to the Board and facilitate the operations and deliberations of the Board and the satisfaction of the Board’s functions and responsibilities under its mandate,” Barrick said.
Thornton, an ex- investment banker from Goldman Sachs Group, joined Barrick in 2012 as a director under founder Peter Munk. He was instrumental in Barrick’s $5.4-billion merger with Randgold Resources, which saw Randgold’s founder Mark Bristow become Barrick’s CEO in 2019.