Alexa
  • Directory of Taiwan

Barrick removes CEO on disappointing share price

Barrick removes CEO on disappointing share price

Canadian mining company Barrick Gold Corp. has ousted its top executive, citing its disappointing share price.
The Toronto company said Wednesday that president and CEO Aaron Regent is being replaced by Chief Financial Officer Jamie Sokalsky. Regent had been in those roles since 2009.
Sokalsky first joined Barrick in 1993 and became CFO in 1999. Sokalsky has also replaced Regent on the company's board.
Barrick's founder and chairman, Peter Munk, says in a statement that the company has been disappointed with its share price performance. Shares have lost as much as 37 percent from their 12-month high in September.


Updated : 2021-10-19 11:45 GMT+08:00