Barrick Gold set to unveil key management appointments

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

Barrick Gold (ABX +1.3%) reportedly will announce the appointment of well-known Canadian investor Ned Goodman to its board today, and will hire Jim Gowans, a former De Beers Canada CEO, as its COO.

Founder and long-time chairman Peter Munk also is expected to hand over the role of chairman to his heir apparent, current co-chairman John Thornton.

The appointment of new directors will be closely watched by investors, some of whom worry that Munk may try to retain influence through boardroom appointments; representatives from some of Canada's biggest pension funds reportedly held a conference call yesterday to discuss potential reactions to today's announcements.