Barrick names Hill interim President/CEO as Bristow departs

[nugget gold]
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Barrick Mining (NYSE:B [https://seekingalpha.com/symbol/B]) -0.5% pre-market Monday after saying its board appointed [https://seekingalpha.com/pr/20246781-barrick-announces-leadership-transition] Mark Hill as Group COO and Interim President and CEO, effective immediately, following the departure of Mark Bristow.

Hill is currently responsible for Barrick's (NYSE:B [https://seekingalpha.com/symbol/B]) Latin America and Asia Pacific regions, and has 30 years of mining industry experience; he joined the company in 2006, and was integral in the initial decision to undertake exploration at the Fourmile gold project in Nevada.

However, the board's search committee said it has embarked on a process with the support of a leading executive search firm to identify a permanent President and CEO.

Bristow is stepping down as President and CEO after nearly seven years; he joined Barrick (B [https://seekingalpha.com/symbol/B]) following the company's merger with Randgold in 2019.

Chair John Thornton said Bristow had "strengthened our portfolio and helped position Barrick as a leading global producer of gold and copper," but no explanation was provided for his departure.

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