Thursday, July 31, 2014

Former Vice Chair of Goldman's Asian Operations to Join Barrick Gold Corp

Barrick Gold Corp has just appointed another former Goldman Sachs Group executive to its board.

Former Vice Chairman of Goldman, J. Michael Evans will be the new director of the world's largest miner of precious metal. He joins John Thornton, another former Goldman employee in the latest of a series of executive shake ups at the mining company.

Evans comes highly valued for his extensive experience in dealing with China. He served as chair of Goldman's Asia operations from 2004 to 2013 and the global head of Growth Markets from 2011 to 2013. Evans is also nominated to join the board of the Alibaba Group, a large Chinese E-Commerce company expected to go public later this year.

He is also a former Olympic Gold Medalist and holds a master's degree from Oxford University. He was named partner at Goldman Sachs in 1994.

Barrick Gold Corp announced earlier this month that CEO Jamie Sokalsky would depart the company and that his duties would be split among the executive board.

The Denver-based mining company is the largest gold producer in the world. With mines on five continents, Barrick produced over 7 million ounces of gold in 2013. The company is committed to corporate responsibility and for the past six years has been recognized by the Dow Jones Sustainability World Index.

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