8-KLeadership Changes

NEWMONT Corp /DE/ 8-K Report, Executive Changes (Jul 24, 2007)

Filed July 24, 2007For Securities:NEMNEMCL

Summary

This 8-K filing by Newmont Mining Corporation, dated July 24, 2007, primarily announces significant changes in the company's executive leadership and compensation. The most notable event is the appointment of Russell Ball as the new Senior Vice President and Chief Financial Officer (CFO), effective immediately as of July 18, 2007. Mr. Ball, previously the Vice President and Chief Accounting Officer, has an established track record within Newmont, having held various finance-related roles since 2002. His promotion is accompanied by an increase in his annual base salary to $420,000.

Key Highlights

  • 1Russell Ball appointed as Senior Vice President and Chief Financial Officer, effective July 18, 2007.
  • 2Russell Ball's annual base salary increased to $420,000.
  • 3Roger Johnson appointed as Controller and Chief Accounting Officer, effective July 18, 2007.
  • 4Roger Johnson's annual base salary established at $235,000.
  • 5Richard T. O’Brien's annual base salary increased to $900,000, effective July 1, 2007, in connection with his role as President and CEO.
  • 6The filing details the career progression of both Mr. Ball and Mr. Johnson within Newmont.
  • 7No arrangements or understandings were noted between the appointed officers and other parties regarding their elections.

Frequently Asked Questions

Russell Ball has been appointed as the new Senior Vice President and Chief Financial Officer, effective July 18, 2007.

Russell Ball's annual base salary has been increased to $420,000. Roger Johnson's annual base salary has been established at $235,000.

Yes, Richard T. O’Brien's annual base salary has been increased from $700,000 to $900,000, effective July 1, 2007, in connection with his election to President and Chief Executive Officer.

These appointments signal changes in key financial leadership roles within Newmont. The promotions of internal candidates like Mr. Ball and Mr. Johnson suggest continuity and internal development. The salary adjustments reflect the company's valuation of these executive positions. Investors should monitor how the new CFO and leadership team navigate the company's financial strategies and performance.