Newmont names new CFO, COO as part of leadership overhaul
Global gold mining major Newmont Corporation on Monday announced a string of executive appointments, including the naming of Brian Tabolt as its CFO, as the gold miner reshapes its top management under a newly appointed CEO.
Tabolt, who joined the company in 2021 from Molson Coors Beverage, was most recently Newmont's chief accounting officer and group head of finance. Tabolt succeeds Peter Wexler, who was the company's CFO on an interim basis, and his appointment is effective July 1.
The company also announced the appointment of Mark Rodgers as COO and David Thornton as chief technical
officer.
Newmont is in the midst of a boardroom shakeup following the appointment of Natascha Viljoen as CEO in September and the exit of Karyn Ovelmen as finance chief in July last year.
The overhaul comes as gold trades above $4 000/oz, with investors pressing miners to boost returns even though companies face rising costs and tougher government terms.
"With strong alignment across operations, finance and technical functions, we are well positioned to improve performance, maintain cost discipline, execute effectively and deliver long-term value for shareholders," the company said in a statement.
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