Summary
Newmont Corporation (NEM) has announced a significant change in its financial leadership. Effective July 11, 2025, Executive Vice President and Chief Financial Officer, Ms. Karyn F. Ovelmen, has resigned from her position. The company has stated that Ms. Ovelmen's departure was amicable and not due to any disagreements regarding the company's operations, financial statements, or accounting practices. Newmont has initiated a search for a permanent CFO. In the interim, Mr. Peter Wexler, who joined Newmont in March 2024 as Executive Vice President and Chief Legal Officer, will assume the role of interim Chief Financial Officer. Mr. Wexler brings extensive executive experience, including over three decades of international corporate leadership and 15 years as Chief Legal Officer at Schneider Electric. He will be supported by Newmont's established global finance team, including the Chief Accounting Officer and Head of Investor Relations. Ms. Ovelmen will receive six months of base salary and medical coverage as part of her separation agreement.
Key Highlights
- 1CFO Karyn F. Ovelmen has resigned, effective July 11, 2025.
- 2Ms. Ovelmen's resignation was not due to any disagreements with the Company.
- 3Peter Wexler appointed as interim Chief Financial Officer.
- 4Mr. Wexler currently serves as Executive Vice President and Chief Legal Officer.
- 5Mr. Wexler has extensive international corporate and legal leadership experience.
- 6Ms. Ovelmen will receive six months of base salary and medical insurance coverage.
- 7A search for a permanent CFO has commenced.