Barrick Exit Raises Power Questions at Biggest Gold Miner

Kelvin Dushnisky leaving to take CEO job at AngloGold Ashanti
Barrick has ‘unique structure’ with executive chair: Gowans

A monitor displays Barrick Gold Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, May 30, 2017. U.S. stocks halted a seven-day advance, while the dollar fluctuated as data showing a rebound in consumer spending offset a wider selloff in commodities. The euro slipped with equities in the region.Photographer: Michael Nagle/Bloomberg

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By Danielle Bochove

July 23, 2018 at 3:23 PM UTC

Updated on

July 23, 2018 at 3:53 PM UTC

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Kelvin Dushnisky’s departure as president of Barrick Gold Corp. raises the question of whether his replacement will get more, or less, power at the world’s largest gold producer under Executive Chairman John Thornton.

Dushnisky, 54, is set to take over as chief executive officer of Johannesburg-based AngloGold Ashanti Ltd. as of Sept. 1, the miners said Monday. Dushnisky, a 16-year veteran at Barrick, worked up the corporate ladder to co-president, then president, where he became responsible for much of the work reducing debt and rationalizing operations. But high-level decisions were understood to be made by Thornton.