Newmont Announces Exectuive Management Appointments
DENVER, July 24, 2007 – Newmont Mining Corporation (NYSE: NEM) today announced the following executive management appointments, as approved by the Company's Board of Directors on July 18th:
- Russell Ball as Senior Vice President and Chief Financial Officer. Mr. Ball has been with the Company for 14 years and was elected Vice President and Chief Accounting Officer in April, 2007. He previously served as Vice President and Controller, Group Executive, Investor Relations, and as Financial Director and Controller for the Company's Indonesian Business Unit. Mr. Ball will oversee the Company's Accounting, Tax, Information Technology, Supply Chain Management and Capital Effectiveness functions.
- Guy Landsdown as Senior Vice President, Project Development and Technical Services. Mr. Landsdown has been with the Company for 14 years and was elected Vice President, Project Engineering and Construction in 2006. He previously served as Project Executive on the Boddington project in Australia and held key project and operating positions in Indonesia, Peru and Australia. Mr. Landsdown will oversee the Company's Technical Services, Global Health and Safety, and Capital Projects functions.
- Randy Engel as Senior Vice President, Strategy and Corporate Development. Mr. Engel has been with the Company for 14 years and was elected Vice President, Strategic Planning and Investor Relations in April, 2007, and previously served as Assistant Treasurer. Mr. Engel will oversee the Company's Corporate Development, Treasury, Investor Relations, and Strategic Planning functions.
Richard O'Brien, the Company's newly appointed CEO and President, said, "These management appointments will fill several open positions and create better functional alignment, enabling us to anticipate, prepare for, and execute the critical transitions ahead. Together with our Regional Vice Presidents of Operations, we continue to take the necessary steps toward renewing our focus on our core gold operations, while improving costs applicable to sales and ensuring industry leading environmental and social performance."
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections. Such forward-looking statements include, without limitation, statements regarding functional alignment and business transitions. Where the company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. For a detailed discussion of risks, see the company's 2006 Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission, as well as the company's other SEC filings, including the company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K updating the discussions of risks. The company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of future events, except as may be required under applicable laws.
SOURCE Newmont Mining Corporation