“In his capacity as chairman, Mr. Thornton will continue to provide leadership and direction to the board and facilitate the operations and deliberations of the board and the satisfaction of the board’s functions and responsibilities under its mandate,” Barrick said.
Thornton, an ex-investment banker from Goldman Sachs Group Inc., joined Barrick in 2012 as a director under founder Peter Munk. He was instrumental in Barrick’s $5.4 billion merger with Randgold Resources Ltd., which saw Randgold’s founder Mark Bristow become Barrick’s chief executive officer in 2019.
Thornton also forged ties between Barrick and Chinese mining companies including Shandong Gold Mining Co Ltd. and Zijing Mining Group Co Ltd., both of which are partners in Barrick operations.
The shuffle is another indicator of a shifting focus at the Canadian company that was once predominantly focused on gold. Barrick’s Bristow has forged ahead on…
