DENVER, Dec. 19 /CNW/ -- Newmont Mining Corporation (NYSE: NEM) announced
today Vincent A. Calarco was elected non-executive Chairman of the Board of
Directors, effective January 1, 2008. Mr. Calarco succeeds Wayne Murdy as
Chairman, who will retire from the Board at the end of the year. Mr. Calarco
first joined Newmont's Board in 2000 and currently serves as Chairman of the
Corporate Governance and Nominating Committee and a member of the Audit
"I've admired Vince for his independence, integrity and sharp intellect,"
said Wayne Murdy, who retired as Chief Executive Officer in June. "I've
appreciated his insight, CEO experience and guidance and I know Newmont's
management team will benefit from his leadership."
Vincent Calarco was Chairman, President and Chief Executive Officer of
Crompton Corporation between 1985 and 2004. He is Director of the Consolidated
Edison Inc. and served as President of Uniroyal Chemical Company from 1979 to
"I look forward to working with Vince in his new role as Chairman of our
Board of Directors," said Richard O'Brien, President and CEO. "I am confident
that under Vince's leadership, the Board will continue to provide the
strategic direction and oversight necessary to help Newmont become The Gold
Company of Choice through industry leading performance. The Board thanks Wayne
for his years of distinguished service to the Company, and we wish him the
best in retirement."
Founded in 1921 and publicly traded on the NYSE since 1925, Newmont is
one of the largest gold companies in the world. Headquartered in Denver,
Colorado, the company employs approximately 15,000 people, the majority of
whom work at Newmont's core operations in the United States, Australia, Peru,
Indonesia and Ghana. Newmont is the only gold company listed in the S&P 500
index and in the Dow Jones Sustainability Index-World. Newmont's industry
leading performance is reflected through high standards in environmental
management, health and safety for its employees and creating value and
opportunity for host communities and shareholders.
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