Barrick gets new chief financial boss

African Barrick Gold (ABG), a Tanzania-focused largest gold miner yesterday announced the appointment of former head of corporate development and investor relations Andrew Wray (pictured) as the company’s new chief financial officer.

Former ABG chief financial officer Kevin Jennings left the company in March after which the role of CFO was filled by Jaco Maritz, who would now revert to his original position.

Mr Wray’s appointment comes a week after the sudden resignation of the company’s chief operating officer, which was less than a month after the departure of its former chief executive Greg Hawkins.

Mr Wray, who would retain his existing responsibilities in addition to those of his new role, joined ABG in 2010 and had been instrumental in transitioning ABG to a public company.

He also led a companywide operational review, which identified more than $185-million in potential cost-saving initiatives.

“Wray has been an integral part of the management team of ABG over the past three years. 

"I believe that, with his skills and experience, he will add significant value as CFO at what is a critical time for the company as I restructure the senior team to build on the platform provided by a high-quality asset base and to achieve consistent operational delivery,” ABG boss Brad Gordon commented.
Source: The Citizen, reported from Dar es Salaam, Tanzania
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