Gary Goldberg to succeed Richard O'Brien on March 1, 2013
Goldberg has three decades of operating experience in mining and proven track
DENVER, Dec. 3, 2012 /CNW/ - Newmont Mining Corporation (NYSE: NEM) ("Newmont"
or the "Company) today announced that President and Chief Operating Officer
Gary Goldberg will become President and Chief Executive Officer and join
Newmont's Board of Directors on March 1, 2013. He will succeed Richard
O'Brien who will step down as CEO and retire from the Board at that time.
Goldberg joined Newmont in December 2011 as Executive Vice President and Chief
Operating Officer, with 30 years' experience in the mining industry. In July
2012 he was promoted to President and Chief Operating Officer. Prior to
joining Newmont, he spent 30 years at Rio Tinto plc in increasingly senior
positions in its gold, copper, coal, and industrial minerals businesses,
including serving as President and CEO of Rio Tinto Minerals from 2006 to 2011.
Vincent A. Calarco, Chairman of the Board, said, "The Board is confident in
Gary's abilities to lead Newmont forward as CEO, continue to sharpen our plan,
drive consistent execution and deliver value for shareholders in the years
ahead. With three decades of experience in the mining industry, he has deep
and proven operational expertise, strong strategic and analytical skills and
outstanding leadership abilities."
Calarco added, "On behalf of the Board, I thank Richard for his loyal service
to Newmont and for his many contributions to the company over the last seven
years, first as CFO and then as CEO. Richard has built a solid operational
foundation, a talented team and a strong balance sheet, all of which position
Newmont well for the next stage of its growth and development."
O'Brien said, "It has been an honor to lead Newmont over the past five years
and I am very proud of what we have accomplished as a team. I believe Gary is
an excellent choice to succeed me and will be a strong leader. I have great
confidence in his abilities and look forward to working with him in a smooth
transition over the next three months."
In addition to his positions at Rio Tinto, Mr. Goldberg served as Chairman of
the National Mining Association in the U.S. from 2008 to 2010 and formed and
led its CEO Safety Task Force. While serving as President and CEO of Borax,
the company was twice named America's safest large mining operation by the
federal Mine Safety & Health Administration and Borax was the first mining
company to receive the California Governor's Environmental and Economic
Leadership Award. While serving as Managing Director of Coal & Allied
Industries Limited, he was appointed to the Australian Government's Business
Roundtable on Sustainable Development.
He holds a Bachelor of Science degree in Mining Engineering from the
University of Wisconsin-Platteville and a Masters degree in Business
Administration from the University of Utah.
This release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which are intended to be covered
by the safe harbor created by such sections and other applicable laws. Such
forward-looking statements may include statements relating to the Company's
future execution and performance. Such statements relating to future
performance are subject to certain risks and other factors as disclosed in the
Company's 2011 Annual Report on Form 10-K filed with the Securities and
Exchange Commission under the heading "Risk Factors." As such, investors are
cautioned not to place undue reliance on forward-looking statements.
About Newmont Founded in 1921 and publicly traded since 1925, Newmont
(www.newmont.com) is one of the largest gold companies in the world.
Headquartered in Colorado, the Company has more than 43,000 employees and
contractors, with the majority working at core operations in the United
States, Australia, Peru, Indonesia, New Zealand and Ghana. Newmont is the only
gold company listed in the S&P 500 index and in 2007 became the first gold
company selected to be part of the Dow Jones Sustainability World Index.
Newmont's industry leading performance is reflected through high standards in
environmental management, health and safety for its employees, and creating
value and opportunity for host communities and shareholders.
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SOURCE: Newmont Mining Corporation
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-0- Dec/03/2012 14:01 GMT
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