Barrick Announces Board Appointments

Executive Summary

• Robert Samek appointed to Barrick’s Board of Directors and will serve on the Audit & Risk and Compensation committees.
• Mark Hill promoted to President and Chief Executive Officer and elevated to a non‑independent director, tasked with leading the planned IPO of Barrick’s North American gold assets.

Key Details

• Robert Samek brings 31 years of senior leadership experience at McKinsey & Company, including roles as Managing Partner (Americas Mining & Metals), head of Public Sector practice in Canada, and President of McKinsey Canada.
• Samek will join the Board’s Audit & Risk Committee and Compensation Committee effective immediately.
• Mark Hill, previously leading Barrick’s operations, is now President and CEO; his appointment reflects confidence in his performance and positions him to oversee the upcoming IPO of North American gold assets.
• Hill is also added to the Board as a Non‑Independent Director.
• John Thornton, Chairman of the Board, issued statements welcoming both Samek and Hill, emphasizing their expertise and expected contributions to strategy, operational discipline, and shareholder value.

Notable Quotes

“I want to welcome Rob to the Board. He brings exceptional industry knowledge and insights from his distinguished career as a senior adviser to some of the natural resource industry’s biggest companies.” – John Thornton, Chairman

“The Board is pleased to welcome Mark Hill as a director. Mark brings the rigor and operational discipline to fully capitalize on Barrick’s world‑class assets… and drive improved performance, growth and shareholder value.” – John Thornton, Chairman