Jamie C. Sokalsky was appointed President and Chief Executive Officer of Barrick Gold Corporation on June 5, 2012. He is also a member of the company’s Board of Directors.
Mr. Sokalsky was previously Barrick’s Chief Financial Officer, after rising through a series of progressively senior roles with the company over two decades.
Following his appointment as CEO, Mr. Sokalsky introduced a rigorous disciplined capital application framework based on the central principle that returns will drive production, production will not drive returns. Under his leadership, Barrick is prioritizing shareholder value creation through a focus on maximizing free cash flow and risk-adjusted rates of return.
Since joining Barrick in 1993, when the company was a growing presence in North America, Mr. Sokalsky has played a central role in Barrick’s emergence as the gold industry leader, including the 2006 acquisition of Placer Dome. During his tenure as CFO, Mr. Sokalsky led the reduction of costs by over $1 billion in a decade, through the execution of a currency and commodity risk management program and other cost-mitigation strategies.
Mr. Sokalsky joined Barrick as Vice President and Treasurer, rising to Senior Vice President and Chief Financial Officer in 1999, and Executive Vice President and CFO in 2004, leading Treasury, Tax, Controllership and Financial Reporting, Internal Audit, Investor Relations and Information Technology.
Previously, Mr. Sokalsky was an executive at George Weston Limited for 10 years. He holds an Honors Bachelor of Commerce degree from Lakehead University and received his Chartered Accountant designation in 1982.