Newmont CFO Karyn Ovelmen resigns, insider named interim finance chief

Gold miner Newmont Corp said on Monday its CFO Karyn Ovelmen has resigned and named insider Peter Wexler as interim CFO until a permanent successor is selected.

Wexler previously served as chief legal officer of Schneider Electric for 15 years before joining Newmont in March 2024.

Ovelmen’s departure, which comes a little over two years into her role, was not due to any disagreement on operations, financial statements or accounting policies, the company said.

Earlier this month, the company said it would lay off 10% to 15% of its workforce at its Merian mine in Suriname, citing production declines.

The company is scheduled to report its second-quarter results on July 24.

Newmont has initiated the search for a permanent finance chief, it said.

(By Sumit Saha; Editing by Shailesh Kuber and Mohammed Safi Shamsi)