B2Gold's Johnson to retire, Cinnamond appointed CEO

Executive Summary

• B2Gold Corp. announced a major leadership succession plan where current President and CEO Clive Johnson will retire effective June 4, 2026.
• Mike Cinnamond, currently Senior Vice-President, Finance and CFO, has been named to succeed Johnson as President and CEO, and will also join the Board of Directors.
• Significant changes to the Board and senior management include Kelvin Dushnisky transitioning to Executive Chair, Greg Barnes becoming Lead Independent Director, and Michael McDonald succeeding Cinnamond as CFO.

Key Details

• CEO Succession: Clive Johnson is retiring from his roles as President, CEO, and Director at the Annual General Meeting scheduled for June 4, 2026.
• New CEO: Mike Cinnamond (current SVP, Finance and CFO) succeeds Johnson as President and CEO and replaces him on the Board of Directors.
• Transition Date: Cinnamond’s appointments take effect on June 4, 2026.
• Johnson’s New Role: Clive Johnson will be named Chair Emeritus to ensure continued connection with the company and availability to the board and senior management.
• Board Chair Transition: Kelvin Dushnisky transitions from Chair of the Board to Executive Chair of the Board effective February 23, 2026.
• Lead Independent Director: Greg Barnes is appointed Lead Independent Director of the Board effective February 23, 2026.
• CFO Succession: Michael McDonald (currently VP, Investor Relations, Corporate Development and Treasury) will succeed Mike Cinnamond as CFO effective June 4, 2026.
• Johnson’s Tenure: Johnson served as President and CEO since the company's founding in 2007 (19 years), leading the transition from a junior explorer to an international producer with four operating mines producing ~1 million ounces of gold annually.
• Cinnamond’s Background: Joined B2Gold in 2013; served as SVP, Finance and CFO since April 2014.
• McDonald’s Background: 20 years of experience in finance, corporate development, and capital markets at Goldcorp Inc., SSR Mining Inc., and Gold Standard Ventures Corp.
• Dushnisky’s Background: Over 35 years in mining; former President and CEO of AngloGold Ashanti Ltd.; former President and Board member of Barrick Gold Corp.; past Chair of the World Gold Council.
• Barnes’ Background: Over 35 years in global mining; former Managing Director and Head of Mining Equity Research at TD Securities Inc.; currently Chair of B2Gold’s compensation committee and member of the audit committee.

Notable Quotes

• Clive Johnson (Outgoing CEO): "It has been a great privilege to have led B2Gold since its formation in 2007... Now is the right time to pass the torch and in making this decision I have every confidence in Mike to lead our next stage of growth."
• Mike Cinnamond (Incoming CEO): "I am honoured to have the opportunity to lead B2Gold. The company has great assets and great people and is well positioned for the future."
• Kelvin Dushnisky (Chair): "Today's announcement is the result of a thorough and orderly succession process and will ensure continuity of leadership and the successful evolution of the company."