Newmont Mining Corp. (NYSE: NEM, Stock Forum) said Monday that President and Chief Operating Officer Gary Goldberg will become President and Chief Executive Officer on March 1, 2013, succeeding Richard O’Brien, who is stepping down from both the board and his role as CEO.
Goldberg joined Newmont in December 2011 as executive vice-president and chief operating officer, with 30 years of experience in the mining industry, the company said in a release. He was named President and COO in July 2012.
Prior to joining Newmont, Goldberg spent 30 years at Rio Tinto Plc (NYSE: RIO, Stock Forum) in increasingly senior positions in its gold, copper, coal and industrial minerals business. That includes a spell as President and CEO of Rio Tinto Minerals from 2006 to 2011.
He will join Newmont’s board on March 1.
Trading at $49.91 on Monday, Newmont has a market cap of $92.5 billion, based on 1.8 billion shares outstanding. The 52-week range is $63.18 and $41.59.