Mark Bristow in shock departure from Barrick

Barrick Mining (TSX: ABX) (NYSE: B) shocked markets Monday with the abrupt resignation of president and CEO Mark Bristow, who departs after nearly seven years at the helm without explanation.

Bristow, who steered Barrick since its 2019 merger with Randgold, will be replaced on an interim basis by Mark Hill, a veteran executive overseeing the miner’s Latin American and Asia Pacific regions. Hill, with the company for two decades, takes charge immediately as the board launches a global search for a permanent successor with the help of an external firm.