Barrick Gold Names Kelvin Dushnisky President

(RTTNews) - Barrick Gold Corp. (ABX, ABX.TO) announced refinements to its management structure.

Kelvin Dushnisky, most recently Co-President, has been appointed President. Richard Williams, previously Chief of Staff, has been appointed Chief Operating Officer and will report to Dushnisky. Basie Maree, most recently Senior Vice President, Technical Services has been appointed Chief Technical Officer. He will report to Mr. Williams.

Jim Gowans, who has made significant contributions to the company as Co-President, will support this transition as a Senior Advisor to the Chairman until his retirement from Barrick on December 31, 2015. These appointments are effective immediately.

Dushnisky will have overall responsibility for execution of the company's strategic priorities, with a focus on improving productivity and driving down costs. Mr. Williams will lead the day-to-day implementation of these objectives. They are charged with driving the organization to reach our target of $2 billion in reduced expenditures across the company by the end of 2016.