TORONTO--(BUSINESS WIRE)--Sept. 10, 2003--Barrick Gold Corporation
(NYSE:ABX)(TSX:ABX)(LSE:ABX)(PARIS:ABX)(Swiss:ABX) today announced
that Gustavo Cisneros has been appointed as a member of the Board of
Directors. Mr. Cisneros is the Chairman and Chief Executive Officer of
the Cisneros Group of Companies, one of the world's largest privately
held conglomerates.
"Our Board will benefit from Gustavo's extensive business
experience and knowledge, particularly involving Latin America where
we have significant assets," said Peter Munk, Founder and Chairman of
Barrick. "Barrick is committed to implementing the new standards for
boards of directors set out by the Securities and Exchange Commission
and the New York Stock Exchange. Gustavo's appointment reflects our
determination to meet the new corporate governance guidelines and
strengthen our Board geographically as a global company."
Mr. Cisneros has headed the Cisneros Group of Companies for over
30 years, overseeing its transformation from a local beverage bottling
and transport company to an international network of member firms
doing business in over 100 countries including consumer goods,
broadcast, media, technology and telecommunications holdings
(including interests in Univision Communications Inc. (NYSE: UNV),
Venevision Television, Venevision International, DIRECTV Latin
America, Glaxson Interactive Group, Inc., Regional Brewing Company,
Backus and Johnston Brewing Company, American Online Latin America
(NASDAQ: AOLA), and Pueblo International, LLC). He is also an active
philanthropist through Fundacion Cisneros which is dedicated to
enhancing educational opportunities, as well as cultural and economic
prosperity throughout Latin America.
Mr. Cisneros is a prominent member of the global academic and
business communities and serves on the International Advisory Council
of the Power Corporation of Canada and as a board member, trustee or
advisor of educational institutions including the David Rockefeller
Center for Latin American Studies and Center for International
Development at Harvard University, Columbia University, Babson College
and Rockefeller University.
Barrick is one of the world's leading gold producers, with
operations and development projects on four continents, one of the
largest gold reserves, at 87 million ounces, and the industry's only
A-rated balance sheet. Its shares are traded under the ticker symbol
ABX on the Toronto, New York, London and Swiss Stock exchanges and the
Paris Bourse.
CONTACT: Barrick Gold Corporation
Vincent Borg, 416-307-7477
416-861-1509 (FAX)
media@barrick.com
SOURCE: Barrick Gold Corporation