This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Newmont Announces CEO Transition

DENVER, Dec. 3, 2012 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company) today announced that President and Chief Operating Officer Gary Goldberg will become President and Chief Executive Officer and join Newmont's Board of Directors on March 1, 2013.  He will succeed Richard O'Brien who will step down as CEO and retire from the Board at that time.   

Goldberg joined Newmont in December 2011 as Executive Vice President and Chief Operating Officer, with 30 years' experience in the mining industry. In July 2012 he was promoted to President and Chief Operating Officer.  Prior to joining Newmont, he spent 30 years at Rio Tinto plc in increasingly senior positions in its gold, copper, coal, and industrial minerals businesses, including serving as President and CEO of Rio Tinto Minerals from 2006 to 2011. 

Vincent A. Calarco, Chairman of the Board, said, "The Board is confident in Gary's abilities to lead Newmont forward as CEO, continue to sharpen our plan, drive consistent execution and deliver value for shareholders in the years ahead.  With three decades of experience in the mining industry, he has deep and proven operational expertise, strong strategic and analytical skills and outstanding leadership abilities." 

Calarco added, "On behalf of the Board, I thank Richard for his loyal service to Newmont and for his many contributions to the company over the last seven years, first as CFO and then as CEO.  Richard has built a solid operational foundation, a talented team and a strong balance sheet, all of which position Newmont well for the next stage of its growth and development."

O'Brien said, "It has been an honor to lead Newmont over the past five years and I am very proud of what we have accomplished as a team.  I believe Gary is an excellent choice to succeed me and will be a strong leader.  I have great confidence in his abilities and look forward to working with him in a smooth transition over the next three months."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,079.57 -42.44 -0.25%
S&P 500 1,996.74 -3.38 -0.17%
NASDAQ 4,557.6950 -11.9260 -0.26%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs