July 16, 2014 / 3:38 PM / in 3 years

Barrick does not plan to appoint new CEO, Chairman Thornton says

(Reuters) - Barrick Gold Corp (ABX.TO) has no plans to appoint a new chief executive, its chairman John Thornton said on Wednesday after the world’s biggest gold producer announced that CEO Jamie Sokalsky would step down in September.

Barrick Gold Corporation Co-Chairman John Thornton speaks during a news conference in Toronto, December 4, 2013. REUTERS/Aaron Harris

Thornton told Reuters in an interview that the company would operate under a structure announced earlier on Wednesday, with two co-presidents.

Thornton also said that Barrick remained open to a tie-up with U.S. gold producer Newmont Mining Co (NEM.N) but that the two companies were not in talks currently.

Reporting by Euan Rocha in Toronto; Writing by Nicole Mordant in Vancouver; Editing by Amran Abocar,Editing by Franklin Paul

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