8-KLeadership Changes

NEWMONT Corp /DE/ 8-K Report, Executive Changes (Oct 4, 2012)

Filed October 4, 2012For Securities:NEMNEMCL

Summary

Newmont Mining Corporation (NEM) announced the departure of Brian Hill, Executive Vice President of Sustainability and External Affairs, effective October 14, 2012. This filing primarily serves to inform investors about this executive transition. Mr. Hill's responsibilities will be divided on an interim basis, with John Mudge taking over Corporate and Global Environmental and Social Responsibility (ESR) functions, and Stephen Gottesfeld overseeing Government Relations. Investors should note that Mr. Hill will receive severance benefits in accordance with the Company's established Executive Severance Plan. The details of this plan were previously disclosed in a Form 10-Q filing on October 27, 2011. The interim arrangements highlight the company's internal leadership structure and the intended continuity of these critical operational areas.

Key Highlights

  • 1Departure of Brian Hill, EVP of Sustainability and External Affairs, effective October 14, 2012.
  • 2Interim leadership transition for key executive responsibilities.
  • 3John Mudge to temporarily manage Corporate and Global Environmental and Social Responsibility (ESR).
  • 4Stephen Gottesfeld to temporarily lead Government Relations.
  • 5Brian Hill will receive severance benefits per the Company's Executive Severance Plan.
  • 6Details of the Executive Severance Plan were previously filed in a Form 10-Q on October 27, 2011.

Frequently Asked Questions

Brian Hill was the Executive Vice President of Sustainability and External Affairs at Newmont Mining Corporation. His departure was announced in this filing.

On an interim basis, John Mudge will manage the Corporate and Global Environmental and Social Responsibility (ESR) functions, reporting directly to the CEO. Stephen Gottesfeld will temporarily lead the Government Relations function.

Yes, Mr. Hill will receive severance benefits in accordance with Newmont's Executive Severance Plan at the E3 level.

The Executive Severance Plan was filed with the SEC as Exhibit 10.1 to Newmont's Form 10-Q for the period ending September 30, 2011, filed on October 27, 2011.