Summary
Newmont Mining Corporation announced on October 27, 2015, a significant update to its Board of Directors. The company has expanded its Board size from 8 to 10 members and appointed two new independent directors: Gregory Boyce and Julio Quintana. This move suggests a strengthening of corporate governance and an infusion of new expertise to guide the company. Both new directors bring extensive experience from the mining and energy sectors. Gregory Boyce, formerly Executive Chairman and CEO of Peabody Energy, and Julio Quintana, former President and CEO of Tesco Corporation, are expected to contribute valuable insights. Mr. Boyce will join the Safety and Sustainability Committee, while Mr. Quintana will serve on the Audit Committee, indicating specific areas of focus for their contributions. The directors will receive stock awards and compensation as per the company's existing policies.
Key Highlights
- 1Newmont Mining Corporation expanded its Board of Directors from 8 to 10 members.
- 2Gregory Boyce and Julio Quintana were appointed as new independent directors.
- 3Gregory Boyce has prior experience as Executive Chairman and CEO of Peabody Energy.
- 4Julio Quintana has prior experience as President and CEO of Tesco Corporation.
- 5Gregory Boyce has been appointed to the Safety and Sustainability Committee.
- 6Julio Quintana has been appointed to the Audit Committee.
- 7The new directors will receive a director stock award valued at $150,000 each.