Overview

• Barrick said Mark Bristow stepped down effective immediately and appointed company veteran Mark Hill as group COO and interim president and CEO.
• The board’s search committee, chaired by Brett Harvey, has engaged a leading executive search firm to identify a permanent successor.
• Management said operations are tracking to the full‑year expectations set with second‑quarter results in August.
• Bristow, who took the helm after the 2019 merger with Randgold, oversaw $6.7 billion returned to shareholders and a $4 billion reduction in net debt.
• The transition comes as Barrick deals with an ongoing dispute in Mali that led to a roughly US$1.04‑billion impairment, provisional administration of the Loulo‑Gounkoto complex, arrests of staff and an arrest warrant for Bristow, with the company pursuing ICSID arbitration.