NEWS
03/17/2016 09:06 EDT | Updated 03/18/2017 01:12 EDT

Barrick Gold reshapes management team; names new CFO, promotes exploration chief

TORONTO — Barrick Gold (TSX:ABX) is making changes to its senior management team, including two promotions.

The company says Rob Krcmarov has been named executive vice-president for exploration and growth.

Catherine Raw will become chief financial officer after the company's annual meeting on April 26, replacing Shaun Usmar.

Raw and Krcmarov will be on a three-member committee focused on growth strategies for the Toronto-based company.

The third member of the committee is Kevin Thomas, Barrick's senior executive for strategy.

Krcmarov joined Barrick in 2001 and has been most recently its senior vice-president for global exploration.

Raw joined Barrick in May 2015 and was previously co-manager of mining funds for BlackRock.

Usmar will be leaving Barrick after a transition to lead a new venture focused on mining investments.

The Canadian Press