Summary
This 8-K filing from Newmont Goldcorp Corporation (NEM) details significant changes to its Board of Directors, effective June 30, 2019, in direct connection with the recently completed business combination with Goldcorp Inc. Two existing directors, Mr. Joseph Carrabba and Dr. Molly P. Zhang, will resign from the Board. Their departures are not attributed to any disagreements with the company. Concurrently, the Board's size will increase from twelve to fifteen members. Five former Goldcorp directors – Mr. Clement Pelletier, Ms. Cristina Bitar, Ms. Beverley A. Briscoe, Dr. Matthew Coon Come, and Mr. Charles R. Sartain – have been appointed as new independent directors. These appointments are aligned with the terms of the business combination agreement, ensuring proportional representation from both former companies.
Key Highlights
- 1Effective June 30, 2019, two directors, Mr. Joseph Carrabba and Dr. Molly P. Zhang, will resign from the Newmont Goldcorp Board.
- 2The resignations are stated to be without any disagreement with the Company or the Board.
- 3The Board size will be increased from twelve to fifteen members.
- 4Five former Goldcorp directors have been appointed to the Newmont Goldcorp Board: Mr. Clement Pelletier, Ms. Cristina Bitar, Ms. Beverley A. Briscoe, Dr. Matthew Coon Come, and Mr. Charles R. Sartain.
- 5These new directors will serve as independent directors and will receive standard director stock awards and compensation.
- 6Specific committee assignments have been made for the new directors, including Audit, Safety and Sustainability, and Leadership Development and Compensation committees.