Barrick set to unveil board changes, name new COO -sources

Mon Dec 2, 2013 10:05am EST
 
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TORONTO Dec 2 (Reuters) - Barrick Gold Corp, the world's largest gold producer, is poised to announce a board shuffle and name a new chief operating officer (COO), according to several sources familiar with the situation.

Barrick is set to announce that founder and Chairman Peter Munk will hand over the position of chairman to his heir apparent, John Thornton, currently co-chairman. In addition, at least two directors will step down at the company's next annual meeting, in the spring.

The long-awaited board changes will likely be announced on Wednesday, said two of the sources.