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.