Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year.
Courtesy: Kinross
Newmont Corp. on Monday announced that President and Chief Operating Officer Natascha Viljoen will succeed Tom Palmer as chief executive officer, starting in January.
Palmer, who has served as president and chief executive officer since 2019, will resign from the board and as CEO on December 31.
Viljoen joined the company in 2023 as executive vice president and chief operating officer, according to the company’s website. Prior to joining the gold miner, she served as CEO of Valterra and held leadership positions at BHP and Lonmin.
Viljoen will become the first woman to lead Newmont in its over 100-year history, according to the company.
“I want to express my gratitude to Tom for his mentorship and support, and to the Board for entrusting me with the responsibility to lead Newmont into its next phase of growth,” Viljoen in a press release.
Palmer joined Newmont in 2014 as Managing Director Indonesia before serving as the company’s Managing Director Asia Pacific in 2015, and chief operating officer in 2016, according to its website.
“After 12 years with Newmont, and almost 40 years in the mining industry, it is time for me to retire and hand over to Natascha to lead our Company through the next chapter in its storied history,” Palmer said in a statement.
Newmont earlier this month said it sold its stake in Orla Mining for $439 million as part of its divestiture program.
Read More: Newmont Names COO Natascha Viljoen CEO, as Tom Palmer retires
