Newmont Appoints Experienced Chief Financial Officer
May 18 2023 - 9:37PM
Business Wire
Newmont Corporation (NYSE: NEM, TSX: NGT) today announced the
appointment of Karyn Ovelmen as Executive Vice President and Chief
Financial Officer.
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the full release here:
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Karyn Ovelmen (Photo: Business Wire)
Karyn Ovelmen is a highly experienced financial professional who
will focus on financial discipline and maintaining a robust and
flexible balance sheet to support Newmont’s capital allocation
strategy. Karyn will be responsible for Newmont’s Global Finance
Functions and will join Newmont during the second quarter of
2023.
Karyn brings extensive global leadership experience to the role,
having previously held Chief Financial Officer roles for highly
complex and capital intensive companies in the resource and energy
sectors, including Flowserve, LyondellBassell Industries NV, and
Petroplus Holdings AG. Most recently, Karyn has been fully
dedicated to Board of Director roles at Hess Corporation and
Arcelor Mittal.
“Our balanced and disciplined approach to capital allocation to
maintain financial strength and flexibility, and the highest
standards of corporate governance, are Newmont’s industry
trademarks and critical to our long-term strategy. Karyn brings a
breadth of global experience operating in complex financial
environments and has proven leadership and commercial capabilities
to enable success during periods of transformation,” said Tom
Palmer, Newmont President and Chief Executive Officer. “Karyn is
uniquely qualified to ensure our financial approach underpins the
safe delivery of long term value to all our stakeholders through
sustainable and responsible mining.”
Karyn has a strong commitment to developing high performing
teams, continuous improvement and performance in global
organizations having worked in the United States and the United
Kingdom. Karyn holds a Bachelor of Arts in Political Science from
the University of Connecticut and is a licensed Certified Public
Accountant in the state of Texas.
Karyn will be a member of the Newmont Executive Leadership Team
and be based in Denver. Learn more about the Newmont Executive
Leadership Team at newmont.com.
Cautionary Statement
This news release may contain “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which are intended to be covered by the safe harbor
created by such sections and other applicable laws. Where a
forward-looking statement expresses or implies an expectation or
belief as to future events or results, such expectation or belief
is expressed in good faith and believed to have a reasonable basis.
However, such statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ
materially. Forward-looking statement may include, without
limitation, statements regarding future capital allocation,
financial strength and flexibility, financial approach and delivery
of long term value. Expectations of future conditions or results
are based upon certain assumptions, which may prove to be
incorrect. For a discussion of risks and other factors that might
impact future-looking statements, see the Company’s Annual Report
on Form 10-K for the year ended December 31, 2022 filed with the
U.S. Securities and Exchange Commission (the “SEC”), under the
heading “Risk Factors", available on the SEC website or
www.newmont.com. The Company does not undertake any obligation to
release publicly revisions to any “forward-looking statement,”
including, without limitation, outlook, to reflect events or
circumstances after the date of this news release, or to reflect
the occurrence of unanticipated events, except as may be required
under applicable securities laws.
About Newmont
Newmont is the world’s leading gold company and a producer of
copper, silver, zinc and lead. The Company’s world-class portfolio
of assets, prospects and talent is anchored in favorable mining
jurisdictions in North America, South America, Australia and
Africa. 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. The Company is an industry leader
in value creation, supported by robust safety standards, superior
execution and technical expertise. Newmont was founded in 1921 and
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230518005783/en/
Media Contact Omar Jabara 720.212.9651
omar.jabara@newmont.com
Investor Contact Daniel Horton 303.837.5468
daniel.horton@newmont.com
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