Newmont Announces Seymour Schulich to Continue as Chairman of Newmont Capital but Will Not Stand for Re-Election to Newmont Board
DENVER, Feb. 12 /PRNewswire-FirstCall/ -- Newmont Mining Corporation(NYSE: NEM) today announced that Mr. Seymour Schulich will remain as Chairmanof Newmont Capital Limited (a Newmont subsidiary) and will continue to serveas a consultant to the Company, but will not stand for re-election to theNewmont Board of Directors at the Company's Annual Meeting of Stockholders inApril 2007. Mr. Schulich was the Chairman and Co-Chief Executive Officer ofFranco-Nevada Mining Corporation Limited, which was acquired by Newmont in 2002 in connection with the three-way merger of Newmont, Franco-Nevada andNormandy Mining Corporation.
Mr. Schulich commented, "Since the merger of Newmont, Franco and Normandy,I have enjoyed participating in the building of a world-class gold company,and look forward to continuing my close association with the Company." WayneW. Murdy, Chairman and Chief Executive Officer of Newmont said, "Seymour'scontributions to the Company are immeasurable. The Board will miss his vastbusiness experience and sharp wit; but we feel confident that he will continueto contribute to the exchange of ideas in his continuing role with theCompany."
SOURCE Newmont Mining Corporation