US gold giant Newmont Mining (NYSE:NEM) has put together an executive leadership team that will come into effect once its acquisition of Canada’s Goldcorp (TSX:G) (NYSE:GG) is completed, which is expected to happen in the second quarter.
The group, says the company, will feature some of the industry’s best talent and most experienced mining executives known for superior operational execution, consistent project delivery and leadership in safety and sustainability.
Chief executive Gary Goldberg will remain as such until the fourth quarter, when he will retire, to be succeeded by Tom Palmer.
“Going forward, Newmont Goldcorp will maintain its focus on the success and continuity of our business through strategic leadership development, building high performing teams, and robust succession planning,” Tom Palmer, President and COO, said in a statement.
Chief executive Gary Goldberg will remain as such until the fourth quarter, when he will retire, to be succeeded by Tom Palmer who keeps his role of President.
Rob Atkinson will take over the COO position on June 1.
Other promotions include Jennifer Cmil as executive VP for human resources, Dean Gehring as VP and chief technology officer, Steve Gottesfeld as executive VP and chief sustainability and external affairs officer and Nancy Lipson executive VP and general counsel.
Randy Engel will remain as VP for strategic development and Marcelo Godoy as senior VP for exploration.
Newmont and Goldcorp announced their $10 billion combination in January, but the deal was faced recent challenges, with Newmont shareholders revolting over an “unfair” benefit that Goldcorp shareholders would have following the Nevada joint venture agreement between Newmont and Barrick.
The Greenwood Village, Colorado-based mining giant weathered the storm by promising investor to sweeten the pot with the largest dividend in 32 years.
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