By Deborah Bacal
Proactive Investors
Barrick Gold (TSE:ABX) (NYSE:ABX) says CEO Jamie Sokalsky will step down from his role after just two years on the job, as part of a new executive management structure that the world’s largest gold producer believes will allow it to “meet the distinct demands and challenges of the mining industry in the 21st century.”
Sokalsky, who has presided over the company in one of the toughest times of its history amid a declining gold price, was appointed to the chief executive role after two decades with the company in various roles, following the sudden exit of Aaron Regent in 2012 for failing to boost Barrick’s stock price.
Kelvin Dushnisky, currently senior executive vice president responsible for corporate and government affairs and chairman of African Barrick Gold plc, and Jim Gowans, who is executive VP and chief operating officer, have been named co-presidents.