Summary
Newmont Corporation (NEM) announced a significant leadership change in its 8-K filing dated September 28, 2022. Nancy Buese, the Executive Vice President and Chief Financial Officer, has resigned from her position, effective November 1, 2022. The company stated that Ms. Buese's departure is voluntary and not due to any disagreements concerning the company's operations, policies, or accounting practices. She will not receive any separation pay. In a move to ensure continuity, Brian Tabolt will assume the role of interim Chief Financial Officer starting November 2, 2022. Mr. Tabolt brings substantial experience, having served as Newmont's Vice President, Controller, and Chief Accounting Officer since May 2021, and prior to that, held senior finance and accounting roles at Molson Coors Beverage Company. The company has initiated a search for a permanent CFO.
Key Highlights
- 1Resignation of Nancy Buese as Executive Vice President and Chief Financial Officer, effective November 1, 2022.
- 2Ms. Buese's departure is voluntary and not a result of any disputes regarding company operations, policies, or accounting.
- 3Ms. Buese will not receive any separation pay or benefits.
- 4Brian Tabolt appointed as interim Chief Financial Officer, effective November 2, 2022.
- 5Mr. Tabolt has prior experience as Newmont's Vice President, Controller, and Chief Accounting Officer.
- 6Mr. Tabolt has a strong background in accounting and finance from Molson Coors Beverage Company and Deloitte.
- 7Newmont is actively searching for a permanent Chief Financial Officer.