Editorial: C-suite departures hit Barrick, Teck, Lundin – by John Cumming (Northern Miner – July 31, 2018)

http://www.northernminer.com/

The sudden and unexpected departure in late July of Barrick Gold president Kelvin Dushnisky — and more tellingly, the lack of a named replacement and the unusual vacancy in Barrick’s CEO spot since mid-2014 — stands in stark contrast to the orderly transitions announced by Teck Resources and Lundin Mining just two days later.

At Teck, long-time chairman Norman B. Keevil said he will retire from that role in October, at which time global business executive Dominic Barton will replace him as chairman (Barton will become a Teck director a month earlier). Also in October, Norman Keevil III, who has been a Teck director since 1997, will become vice-chair.

Teck announced that Norman B. Keevil and long-standing director and deputy chairman Warren S. R. Seyffert will retire completely from the board at year-end, at which time Keevil will be named chairman emeritus and special advisor to the board in what Teck calls “recognition of his pivotal role in helping build Teck into a major force in the mining industry.”

At Lundin Mining, president and CEO Paul Conibear announced his retirement after serving in those roles for seven years, having come aboard as a senior vice-president in 2007 as a result of Lundin’s acquisition of Tenke Mining, where Conibear had been president and CEO.

Lundin said that after a succession planning process, Marie Inkster, senior vice-president and chief financial officer, has been selected to assume the role of president and CEO upon Conibear’s retirement.

For the rest of this editorial: http://www.northernminer.com/news/editorial-c-suite-departures-hit-barrick-teck-lundin/1003798206/

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