Ned Goodman resigns from Barrick Gold board

Gold giant Barrick Gold Corp. (TSX, NYSE:ABX) announced Thursday that Ned Goodman has resigned from the company’s board of directors to focus on a new business venture in resources and other hard assets.

Goodman, a veteran Canadian money manager, was appointed to the board in December 2013 and took chair in April 2014. His nomination was part of a move to bring new faces to the table and increase the number of independent directors, as demanded by shareholders.

Barrick chairman John Thornton thanked the departing director for his contributions during what he called a “transformative period for the company.”

Goodman founded Dundee Corp, a Canadian asset management company that invests primarily in the resources, real estate and infrastructure sectors.

Image: Screen grab via YouTube.