Barrick Ends Co-President Structure as Dushnisky Takes Helm

It took Barrick Gold Corp. a year and a further 14 percent decline in gold prices to abandon a joint-president structure.

Co-President Kelvin Dushnisky will take over as sole president of the world’s largest gold producer, effective immediately, Barrick said Monday in a statement. Jim Gowans, who had served as co-president, becomes an adviser to Chairman John Thornton until Gowans’ retirement at the end of the year, the Toronto-based company said.