HomeGoldBarrick president resigns

Barrick president resigns

Greg Wilkins,
who has resigned
his positions as
president and CEO
of Barrick Gold
Ottawa, Canada — MININGREVIEW.COM — 21 July 2008 – The Barrick Gold Corporation board of directors has announced that company president and CEO Greg Wilkins – who took extended medical leave earlier this year – has resigned from these positions at the world’s biggest gold-miner.

A company announcement here confirmed the appointment of Wilkins as executive vice- chairman, and added that chairman Peter Munk – who has been acting CEO since March 27 when Wilkins went on medical leave – will continue in this role until a successor is appointed.

The board has appointed a special committee to conduct a search for Mr. Wilkins’ successor.

“I look forward to playing a key and active role as executive vice-chairman, working with Peter and Barrick’s experienced management team,” said Wilkins. “This will allow me more flexibility to look after my health on an ongoing basis.”

Wilkins was appointed CEO in February 2003, leading Barrick through a period of sustained growth, including the company’s US$10 billion (R80 billion) acquisition of Placer Dome in 2006. It was this development which boosted the gold-miner to the industry’s top spot, held at the time by US-based Newmont Mining.

Barrick is the world’s leading gold producer, with a portfolio of 27 operating mines and many advanced exploration and development projects across five continents.