Sunday 25 February 2018

Barrick's Irish boss ousted

Nick Webb

Nick Webb

Aaron Regent, the Dublin-born boss of €32bn-valued Barrick Gold, the world's biggest gold firm, was sensationally ousted last week following a share price slide.

Regent (above), was the highest-paid executive in Canada -- where Barrick is headquartered -- in 2009, when he picked up a pay packet of around €16.4m in salary and bonuses. Last year, he earned a more modest €7.2m.

The 45-year-old became chief executive in January 2009. His departure from the company last week was "with immediate effect".

Under his command, Barrick spent €5.7bn to buy Australian copper company Equinox in a bid to expand into the copper sector. Barrick's share price performed poorly following the deal.

Sunday Indo Business

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