Summary
Newmont Corporation (NEM) announced a significant change in its legal leadership in its Form 8-K filing dated June 6, 2023. Ms. Nancy Lipson, Executive Vice President and Chief Legal Officer, is set to depart the company effective June 30, 2023, after 18 years of service. The company expressed gratitude for her contributions, particularly in legal, land, and ethics functions. In the interim, Mr. Mark Ebel, currently Vice President & Associate General Counsel, will assume the role of interim Chief Legal Officer until a permanent successor is found. Mr. Ebel brings over 11 years of experience within Newmont's legal department, with expertise in M&A and compliance matters. Furthermore, the filing also detailed the appointment of Mr. Joshua Cage as Group Head – Accounting (Principal Accounting Officer), effective August 1, 2023. Mr. Cage, who previously served as interim Controller and Chief Accounting Officer, has a long tenure of over 19 years with Newmont, holding various accounting and reporting positions. His appointment is part of the company's standard compensation programs, and no related-party transactions or family ties to the board or executive officers were noted.
Key Highlights
- 1Chief Legal Officer Nancy Lipson to depart Newmont effective June 30, 2023, after 18 years with the company.
- 2Mark Ebel appointed as interim Chief Legal Officer, effective June 30, 2023.
- 3Joshua Cage appointed as Group Head – Accounting (Principal Accounting Officer), effective August 1, 2023.
- 4Ms. Lipson will receive severance benefits in accordance with the Company’s Executive Severance Plan.
- 5Mr. Ebel has over 11 years of experience within Newmont's legal department, including M&A and compliance.
- 6Mr. Cage has over 19 years of experience with Newmont in various accounting and financial reporting roles.
- 7Mr. Cage previously served as interim Controller and Chief Accounting Officer.