Mark Bristow exits Barrick

Barrick Mining’s Mark Hill has been appointed group chief operating officer and interim president and chief executive officer, following the departure of Mark Bristow.

Mr Bristow is stepping down as president and chief executive after nearly seven years having joined Barrick in 2019 following the company’s merger with Randgold.

Mr Bristow led the successful integration of the two companies, and during his tenure, made significant investments in Barrick’s world-class assets to better position the company to maintain profitable gold and copper growth.

Barrick chairman of the board John Thornton comments on Mr Bristow’s tenure.

“On behalf of the board, I want to thank [Mr Bristow] for his leadership of Barrick. During his tenure, [Mr Bristow] strengthened our portfolio and helped position Barrick as a leading global producer of gold and copper,” he said.

“As a result, the company is well-positioned for the next phase of our growth and value creation for all shareholders. We wish [Mr Bristow] the very best for his future.”

Mr Hill joined in 2005 and has experience in strategy, corporate development and leading major projects across the world, and was also integral in the initial decision to undertake exploration at the Fourmile gold project in Nevada.

“We are delighted to welcome Mark Hill as group chief operating officer and interim president and chief executive officer,” Mr Thornton said.

“His calibre, experience and deep knowledge of the company will ensure we maintain momentum.

“The board is committed to both finding the right leader to fully capitalise on Barrick’s world-class assets and capabilities, and to driving improved performance, growth and shareholder value.”

The search committee of the board, chaired by Brett Harvey, has embarked on a process with the support of a leading executive search firm to identify a permanent president and chief executive.