Newmont Taps Former Hess Director As CFO On Heels Of $19B Newcrest Acquisition
Portfolio Pulse from Lekha Gupta
Newmont Corp (NEM) has appointed Karyn Ovelman as Executive Vice President and CFO following its $19B acquisition of Newcrest Mining Limited (NCMGY). Ovelman has previously worked as CFO for Flowserve Corp (FLS) and LyondellBasell Industries (LYB) and served on the boards of Hess Corp (HESS) and ArcelorMittal (MT).
May 19, 2023 | 3:10 pm
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POSITIVE IMPACT
Newmont Corp's $19B acquisition of Newcrest Mining Limited is the largest-ever gold industry deal.
The acquisition of Newcrest Mining Limited by Newmont Corp is a significant event in the gold industry, making it the largest-ever deal in the sector. This could potentially lead to increased investor interest in Newcrest Mining Limited and positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Newmont Corp appoints Karyn Ovelman as CFO following its $19B acquisition of Newcrest Mining Limited.
The appointment of Karyn Ovelman as CFO is a positive development for Newmont Corp as she brings extensive experience from her previous roles at major resource and energy companies. This could help the company navigate the complex financial environment following the acquisition of Newcrest Mining Limited.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100