news-details

Barrick Gold Appoints Aaron Regent as CEO

December 23, 2008

TORONTO, ONTARIO -- (MARKET WIRE) -- 12/23/08 -- All amounts expressed in US dollars unless otherwise indicated

Peter Munk, Founder and Chairman of Barrick Gold Corporation (NYSE: ABX)(TSX: ABX), announced today that Aaron Regent has been appointed President and Chief Executive Officer of the Company, effective January 16th, 2009.

"Aaron's outstanding strategic capabilities and highly-focused results orientation will fit in well with Barrick's unique corporate culture," said Munk. "Our Board's thorough and professional search for a new leader has resulted in someone whom we believe will work most effectively and collaboratively with Barrick's proven management team. Aaron is uniquely qualified to both preserve Barrick's leadership position and to take us forward."

Mr. Regent, 43, is a chartered accountant and an experienced executive with combined expertise in the mining and finance sectors. He is currently Senior Managing Partner of Brookfield Asset Management Inc. and Co-CEO of its Infrastructure Group. Brookfield is a global asset management company with over $90 billion under management.

Mr. Regent was previously the President of Falconbridge Limited, a Canadian-based global mining company, with over 14,000 employees and operations in 18 countries following its merger with Noranda Inc., in 2005. The combined company was sold to Xstrata PLC in 2006. The Cdn$27 billion transaction was then the largest in the mining industry's history.

From early in his career Mr. Regent progressed swiftly through increasingly senior executive roles. His leadership and strategic experience also includes:

- President & Chief Executive Officer, Falconbridge Limited 2002 - 2005

- Executive Vice President & Chief Financial Officer, Noranda Inc. 2000 - 2002

Noranda, prior to the Falconbridge merger, was a widely diversified mining company with global operations in 14 countries and a workforce of 8,000.

- Senior Vice President, Corporate Development, EdperBrascan Corporation, and President & Chief Executive, Trilon Securities Corporation 1993 - 1995

- Senior Vice President & Chief Financial Officer, Brascan Limited, and Vice President and Chief Financial Officer, Great Lakes Power Inc., 1993 - 1995

He joined the Edper/Brascan Corporation (now Brookfield Asset Management) as Associate Controller in 1991, after articling with Ernst & Young.

"Barrick is a dynamic mining enterprise and an iconic Canadian company," said Mr. Regent. "In these times in particular, gold is a unique property as a store of value that is emerging as an asset class of increasing importance. I am really pleased to join the Company at a time that is both exciting and challenging for the gold industry."

Mr. Regent assumes his new role from Barrick Founder and Chairman Peter Munk, who has been Acting CEO since earlier this year.

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

Contacts:
INVESTOR CONTACT: Deni Nicoski
Vice President, Investor Relations
(416) 307-7410
Email: dnicoski@barrick.com

MEDIA CONTACT: Vincent Borg
Senior Vice President, Corporate Communications
(416) 307-7477
Email: vborg@barrick.com

Stay Connected







Email Alerts

Email Address *
Mailing Lists *


 
Enter the code shown above.

By providing your e-mail address, you are consenting to receive press releases, quarterly and annual reports, presentations and other information concerning Barrick Gold Corporation and its affiliates and partners. You may withdraw your consent at any time using the unsubscribe link below.

Unsubscribe

Email Address:  *
Gold  $ 1,296.26 +0.77 +0.06% Volume: October 16, 2017
ABX NYSE  $ 16.24 -0.43 -2.58% Volume: 9,896,438 October 16, 2017
ABX TSX  $ 20.35 -0.45 -2.16% Volume: 1,944,416 October 16, 2017
Gold  $ 1,296.26 +0.77 +0.06% Volume: October 16, 2017

Our vision is the generation of wealth through responsible mining — wealth for our owners, our people, and the countries and communities with which we partner.

World Gold Council MemberMember of ICMM

En Español