July 18, 2008
Barrick Appoints Wilkins As Executive Vice Chair
Barrick Gold Corporation's (NYSE: ABX)(TSX: ABX) Board of Directors announced today the appointment of Greg Wilkins as Executive Vice Chairman following his resignation from the position of President and Chief Executive Officer. Chairman Peter Munk has been Acting CEO since March 27 when Mr. Wilkins went on medical leave. Mr. Munk will continue in this role until a successor is appointed.
"I look forward to playing a key and active role as Executive Vice Chairman working with Peter and Barrick's experienced management team," said Greg Wilkins. "This will allow me more flexibility to look after my health on an ongoing basis."
Mr. Wilkins was appointed Chief Executive Officer in February 2003, leading Barrick through a period of sustained growth, including the company's $10.0 billion acquisition of Placer Dome in 2006.
"I am pleased that Greg will continue playing a vital role and also be able to focus on his health," said Peter Munk. "Greg is a valued advisor whose contributions since the company's inception have been immeasurable. Barrick will remain on the same course - safe and profitable production of gold from its operations and advancing the deepest project pipeline in our industry. Disciplined strategic direction, a track record of successful mine development and the industry's largest reserves mean Barrick is ideally positioned to capitalize on today's high gold price environment."
The Board of Directors has appointed a Committee to conduct a search for Mr. Wilkins' successor.
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: [email protected] MEDIA CONTACT: Vincent Borg Senior Vice President, Corporate Communications (416) 307-7477 Email: [email protected]
SOURCE: Barrick Gold Corporation