Newmont readies leadership team post-merger with Goldcorp
US gold giant Newmont Mining (NYSE:NEM) has put together an executive leadership team that will come into effect once its acquisition of Canada’s Goldcorp (TSX:G) (NYSE:GG) is completed, which is expected to happen in the second quarter.
Newmont says the team will include some of the industry’s top talent and most experienced mining executives known for superior operational execution, consistent project delivery and leadership in safety and sustainability.
“Going forward, Newmont Goldcorp will maintain its focus on the success and continuity of our business through strategic leadership development, building high performing teams, and robust succession planning,” Tom Palmer, President and COO, said in a statement.
Chief executive Gary Goldberg will remain as such until the fourth quarter, when he will retire, to be succeeded by Tom Palmer, who will stay in the role of president.
Rob Atkinson will take over the COO position on June 1.
Other promotions include Jennifer Cmil as executive VP for human resources, Dean Gehring as VP and chief technology officer, Steve Gottesfeld as executive VP and chief sustainability and external affairs officer.
Nancy Lipson will stay on as executive VP and general counsel, Randy Engel will remain as VP for strategic development and Marcelo Godoy as senior VP for exploration.
Newmont and Goldcorp announced their $10 billion merger in January, but the deal faced recent challenges, with Newmont shareholders revolting over an “unfair” benefit that Goldcorp shareholders would have had following the Nevada joint venture agreement between Newmont and Barrick.
The Greenwood Village, Colorado-based mining giant weathered the storm by promising to sweeten the pot with the largest dividend in 32 years.