Ben van Beurden and Pekka Vauramo Nominated for Election to Barrick Board of Directors

Rhea-AI Summary

Barrick Gold (NYSE:GOLD) has nominated two industry veterans to its Board of Directors for election at the May 6, 2025 shareholders meeting. Ben van Beurden, former Shell CEO, brings 40 years of energy sector experience, notably leading Shell's transformation into a diversified energy company with focus on natural gas and renewables. He currently serves as KKR's senior advisor for energy transition investments and holds board positions at Mercedes-Benz Group AG and Clariant.

Pekka Vauramo, former Metso CEO, brings extensive mining and logistics expertise. He led the successful Metso-Outotec merger in 2020, creating a sustainable technologies leader in minerals processing. His experience includes CEO roles at Finnair and leadership positions at Cargotec, Sandvik, and Outokumpu. He currently chairs boards at Huhtamaki Oyj and Valmet Oyj.

Positive

• Addition of high-profile executives with extensive industry experience
• Van Beurden's expertise in energy transition and strategic transformation
• Vauramo's proven track record in mining sector and successful M&A execution
• Enhanced board expertise in sustainable business practices and global markets

Negative

• None.

News Market Reaction

-0.17%

1 alert

-0.17% News Effect

On the day this news was published, GOLD declined 0.17%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, April 04, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has nominated Ben van Beurden and Pekka Vauramo for election to its Board of Directors at the company’s Annual and Special Meeting of Shareholders on May 6, 2025.

Ben van Beurden, former chief executive of Shell, brings four decades of global experience in the energy and natural resources sectors. At Shell, he led the company’s strategic transformation from an oil-focused business to a diversified energy leader, with a strong emphasis on natural gas and renewable energy investments. This transformation placed Shell among the top quartile of investors in energy transition. Mr. van Beurden is recognized for his strategic decision to simplify Shell's shareholding structure and consolidate the company’s headquarters in London, benefiting shareholders and streamlining the organization. In addition to his leadership at Shell, Mr. van Beurden currently serves as senior advisor of energy transition investments at KKR, is an independent member of the Board of Supervisors of Mercedes-Benz Group AG and was recently elected chairman of Clariant, a Swiss listed multinational specialty chemicals company.

Pekka Vauramo brings a wealth of leadership experience from the mining, logistics and services sectors. Most recently he served as chief executive of Metso, where he played a key role in the successful merger with Outotec in 2020, creating a leader in sustainable technologies for the aggregates, minerals processing and metals refining industries. Under his leadership, Metso Outotec strengthened its market position by divesting non-core assets, acquiring competitors and focusing on improving culture, customer satisfaction and profitability. Mr. Vauramo also served as CEO of Finnair, where he oversaw a significant financial turnaround and expanded the airline’s reach into new Asian markets. His experience spans leadership roles at Cargotec, Sandvik and Outokumpu, where he honed his expertise in the mining sector, particularly in base metals. Additionally, Mr. Vauramo has extensive board experience, currently serving as chairman of the boards of Huhtamaki Oyj and Valmet Oyj, and as a member of the board of Nokian Renkaat Oyj, all Finnish listed companies.

Barrick chairman John Thornton said Messrs. van Beurden and Vauramo would bring valuable insights to the Board’s deliberations. “Both bring exceptional leadership, a global perspective and deep industry knowledge that will be instrumental in driving Barrick’s strategy forward. Their expertise in sustainable business practices, operational excellence and global market understanding will support our commitment to delivering long-term value to shareholders, while maintaining our leadership in responsible mining.”

Enquiries

Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com

Website: www.barrick.com

FAQ

Who are the new board nominees for Barrick Gold (GOLD) in 2025?

Ben van Beurden, former Shell CEO, and Pekka Vauramo, former Metso CEO, have been nominated for election to Barrick's board at the May 6, 2025 shareholders meeting.

What experience does Ben van Beurden bring to Barrick Gold (GOLD)?

Van Beurden brings 40 years of energy sector experience, led Shell's transformation to renewable energy, and currently serves as KKR's energy transition advisor and board member at Mercedes-Benz and Clariant.

What is Pekka Vauramo's background and relevance to Barrick Gold (GOLD)?

Vauramo led Metso through its merger with Outotec, has extensive mining sector experience from roles at Sandvik and Outokumpu, and successful CEO tenure at Finnair.

When will Barrick Gold (GOLD) hold its Annual Meeting for these board nominations?

Barrick Gold will hold its Annual and Special Meeting of Shareholders on May 6, 2025, where these nominations will be voted upon.