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4-Traders Homepage  >  Equities  >  Nyse  >  Newmont Mining Corp    NEM

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Newmont Mining Names Brlas as New Finance Chief

09/03/2013 | 01:06pm US/Eastern
   By Michael Calia 

Newmont Mining Corp. (>> Newmont Mining Corp) has named Laurie Brlas as its new chief financial officer.

Ms. Brlas will take over the job effective Monday. She will replace interim finance chief Tom Mahoney, who will resume his roles as vice president and treasurer, and will report to Ms. Brlas, the gold and copper mining company said.

The company in February said it would launch a search for a new CFO to replace then CFO Russell Ball. Mr. Mahoney took over the role in May, when Mr. Ball stepped down.

Ms. Brlas had previously served as CFO at Cliffs Natural Resources Inc. (>> Cliffs Natural Resources Inc).

Newmont, the world's second-biggest gold producer after Barrick Gold Corp. (ABX, ABX.T), reported in July that it swung to a second-quarter loss as production declined amid a slump in gold prices.

Shares of Newmont were down four cents, to $31.48. The stock is down 32% this year.

Write to Michael Calia at michael.calia@wsj.com

Stocks mentioned in the article : Newmont Mining Corp, Cliffs Natural Resources Inc
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