Barrick’s ‘Mr. Fixer’ Kelvin Dushnisky lured to rival AngloGold with bigger role – by Gabriel Friedman (Financial Post – July 24, 2018)

The jump to Johannesburg allows Dushnisky to finally ascend to the helm of a major gold company

Barrick Gold Corp. announced Monday that its president Kelvin Dushnisky will depart in August, and relocate from Toronto to Johannesburg, where he will join AngloGold Ashanti Ltd. as chief executive officer.

The jump from Barrick, as of last year the world’s largest gold company, to AngloGold, the third-largest, allows Dushnisky to finally ascend to the helm of a major gold company.

While at Barrick, for 16 years, he rose through the ranks, joining the board of directors and becoming a president in 2015. But because the company has no chief executive, Dushnisky always laboured under the shadow of the executive chairman John L. Thornton, who joined the company from Goldman Sachs in 2012.

“Kelvin is very influential and Kelvin knows the company very well, but he never was kind of in the CEO role,” said Jim Gowans, who served as co-president with Dushnisky at Barrick before departing in 2016, adding that at AngloGold, he will have “both hands on the tiller.”

Gowans, now president and chief executive of Arizona Mining Inc., praised Dushnisky as a “relationship-builder,” who uses his training as a lawyer — he was a former general counsel prior to joining Barrick in 2002 — and diplomacy to form bonds with government leaders.

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