Summary
Newmont Corporation (NEM) filed an 8-K report on September 8, 2020, primarily announcing changes to its Board of Directors. J. Kofi Bucknor, a board member since 2012, has retired for personal reasons. The company expressed gratitude for his service. The key development is the appointment of Susan N. Story as an independent director, effective September 10, 2020. Ms. Story brings extensive experience in finance and operations, having previously served as CEO of American Water Works Company and in executive roles at Southern Company. Her appointment to the Board, particularly her service on the Audit and Leadership Development and Compensation Committees, is intended to strengthen the company's governance and strategic oversight. Investors should note that Ms. Story will receive director compensation and stock awards as per the company's existing plans.
Key Highlights
- 1J. Kofi Bucknor has retired from the Newmont Board of Directors for personal reasons.
- 2Susan N. Story has been appointed as an independent director, effective September 10, 2020.
- 3Ms. Story will serve on the Audit Committee and the Leadership Development and Compensation Committee.
- 4Ms. Story possesses significant executive leadership experience, including CEO of American Water Works Company and executive roles at Southern Company.
- 5Her expertise spans finance, operations, cost optimization, and human resources.
- 6Ms. Story currently serves on the boards of Raymond James Financial, Inc. and Dominion Energy.
- 7Ms. Story will receive standard director compensation and stock awards as per Newmont's 2020 Stock Incentive Plan.