Mark Bristow is out as the head of Barrick Mining (TSX: ABX). The mining major this morning reported that he is ‘stepping down’ from his role as President and CEO of the company, titles he held for seven years since their merger with Randgold in 2019.
Taking Bristow’s place on an interim basis is Mark Hill, who has been appointed as Group COO and Interim President and CEO, with that appointment effective immediately. Hill previously was responsible for Barrick’s Latam and Asia Pacific regions, and is said to have been a key decision maker in the undertaking of exploration at Fourmile. Hill has three decades of mining executive experience.
With Hill appointed as interim CEO, the board has begun the process of identifying a permanent replacement for Bristow.
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“The Board is committed to both finding the right leader to fully capitalize on Barrick’s world-class assets and capabilities, and to driving improved performance, growth and shareholder value,” commented John Thornton, Chairman of Barrick.
Guidance is said to remain on track for the company.
Barrick Mining last traded at $48.06 on the TSX.
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