Barrick Gold Appoints Shaun Usmar As CFO Designate

(RTTNews) - Barrick Gold Corp. (ABX, ABX.TO) said Tuesday that it has appointed Shaun Usmar as Senior Executive Vice President and Chief Financial Officer Designate.

Usmar will join Barrick on November 24 and will become Chief Financial Officer on February 18, 2015 following the departure of Ammar Al-Joundi, who will be leaving Barrick after the announcement of the company's year-end results. Usmar will work with Al-Joundi until his departure to ensure a smooth transition.

Usmar is an international mining executive with extensive experience in financial management and reporting, transactions, business integration, strategy development, restructuring and turnarounds. He joined Xstrata in 2002 as a founding member of the leadership team that grew the company into one of the world's largest diversified miners at the time of its acquisition by Glencore in 2013. Usmar was Chief Financial Officer of Xstrata Nickel from 2006-2013. He also served as Chief Financial Officer of Xstrata Alloys in South Africa, and General Manager of Business Development for Xstrata plc in London. Prior to joining Xstrata, Usmar worked in Finance and Business Development roles at BHP Billiton.