In the second high profile leadership shake-up today in the mining industry, Newmont (NYSE: NEM) has seen Tom Palmer officially retire from the company, stepping down from the role of Chief Executive Officer in the process.
Palmer is set to vacate his position, as well as his role on the board, officially on December 31, 2025 in line with the transition plan, while retiring officially from the company on March 31. Taking on the role on a go-forward basis will be Natascha Viljoen, who is currently President and Chief Operating Officer of Newmont. Viljoen is also set to join the board of directors as of January 1, 2026.
Viljoen joined Newmont in 2023, prior to which she served as the CEO of Anglo American Platinum and was part of the larger Anglo American plc Group Management Committee.
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“After 12 years with Newmont, and almost 40 years in the mining industry, it is time for me to retire and hand over to Natascha to lead our Company through the next chapter in its storied history. [..] I am confident that Natascha and Newmont will seize the many opportunities that lie ahead for our business,” commented Palmer on his retirement.
Palmer originally joined Newmont in 2014, initially taking on the role of Senior VP, Indonesia, before moving to the role of Executive Vice President and COO in 2016 in advance of taking on the CEO role in 2019.
The departure of Palmer comes on the same day that Barrick Mining announced that Mark Bristow will no longer be serving as CEO of the company.
Newmont Mining last traded at $85.25 on the NYSE.
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