Al-Joundi Leaves Barrick for Agnico Second Time to Be President

Ammar Al-Joundi, who left the post of Barrick Gold Corp. chief financial officer last month, is joining Agnico Eagle Mines Ltd. after departing from the world’s biggest gold producer. Again.

Al-Joundi, who first left Barrick in 2010 after 11 years to become Agnico’s CFO, will now be the smaller Canadian gold miner’s president. The move, announced by Toronto-based Agnico Thursday, comes more than two years after he returned to Barrick to replace Jamie Sokalsky, who was promoted from finance chief to chief executive officer.

Barrick announced Al-Joundi’s replacement as CFO in November and said there was a mutual agreement for the transition to new leadership.

Al-Joundi’s departure was the latest in a series of management changes at Barrick, including the departure of Sokalsky as CEO.

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