Newmont Welcomes Industry Veteran Red Conger to Board of Directors

Rhea-AI Summary

Newmont (NYSE: NEM) has appointed Harry M. (Red) Conger to its Board of Directors. Conger, who brings over 46 years of mining and leadership experience, will also serve on the Safety and Sustainability Committee. He previously held prominent roles at Teck Resources, Freeport-McMoRan, and Phelps Dodge His vast experience includes improving operational efficiencies and maintaining stable production through challenging cycles. Conger has also been an active figure in the mining community, holding leadership positions in various industry organizations and receiving numerous accolades for his contributions to the sector.

Positive

• Appointment of Harry M. (Red) Conger to the Board, bringing 46 years of industry experience.
• Red Conger to serve on the Safety and Sustainability Committee, enhancing strategic oversight.
• Past roles include President and COO at Teck Resources and Freeport-McMoRan, indicating seasoned leadership.
• Conger known for creating operational efficiencies, which can benefit Newmont.

Negative

• None.

DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced the appointment of Harry M. (Red) Conger to its Board of Directors, who will also serve on the Safety and Sustainability Committee. Red brings over 46 years of extensive mining and leadership experience to Newmont’s Board of Directors, having recently retired from Teck Resources, where he served as President and Chief Operating Officer.

Newmont Welcomes Industry Veteran Red Conger to Board of Directors (Photo: Business Wire)

"We are pleased to welcome Red Conger to Newmont’s Board of Directors. Throughout his distinguished career, he has gained a wealth of unparalleled experience in the mining sector and strategic insights. Red brings significant operational leadership to Newmont’s Board," said Tom Palmer, Newmont President and CEO.

Prior to Teck, Red spent more than a decade at Freeport-McMoRan, ending his tenure at the company as President and Chief Operating Officer, Americas. He began his mining career at Kennecott Copper’s Bingham Canyon mine, followed by more than two decades at Phelps Dodge Corporation, where he oversaw mining and processing across multiple operations in North America and South America. Across his various roles, Red excelled at creating operational efficiencies and supporting stable production throughout challenging cycles.

In addition to his corporate roles, Red continues to be an active leader across the broader mining industry, at organizations such as the National Mining Association where he previously served as Chairman, and the New Mexico Mining Commission where he previously served as Commissioner. He has been recognized for his leadership and contributions to the mining industry, reflected in a variety of industry awards, including most recently being elected to the National Academy of Engineering.

About Newmont

Newmont is the world’s leading gold company and producer of copper, zinc, lead, and silver. The company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the company has been publicly traded since 1925.

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and initiatives, go to www.newmont.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240627078254/en/

Media Contact

Jennifer Pakradooni

globalcommunications@newmont.com

Investor Contact

Neil Backhouse

Investor.relations@newmont.com

Source: Newmont Corporation

FAQ

Who did Newmont appoint to its Board of Directors in 2024?

Newmont appointed Harry M. (Red) Conger to its Board of Directors in 2024.

What experience does Red Conger bring to Newmont's Board?

Red Conger brings over 46 years of mining and leadership experience, having held key positions at Teck Resources, Freeport-McMoRan, and Phelps Dodge

What committee will Red Conger serve on at Newmont?

Red Conger will serve on Newmont's Safety and Sustainability Committee.

What impact could Red Conger's appointment have on Newmont's stock (NEM)?

Red Conger's extensive experience and operational efficiency improvements could positively impact Newmont’s stock (NEM) by enhancing strategic oversight and boosting operational performance.

Why is Red Conger's appointment noteworthy for Newmont ?

Red Conger's appointment is noteworthy due to his extensive leadership experience and past successes in improving operational efficiencies and maintaining stable production cycles.