Business Context and Reporting Period
This Form 8-K Current Report was filed by NEWMONT Corp on March 7, 2011, regarding events occurring on March 8, 2011. The filing addresses executive personnel changes within the company's financial leadership.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and departures.
Material Changes
- Departure: Roger Johnson resigned as Vice President and Chief Accounting Officer effective March 8, 2011, to pursue another opportunity.
- Appointment: David Ottewell was appointed as interim Controller and Chief Accounting Officer effective March 8, 2011.
- Reporting Line: Mr. Ottewell reports to Russell Ball, Executive Vice President and Chief Financial Officer.
Management Commentary and Risks
Background of Appointee: David Ottewell, age 50, has been employed by Newmont since 2005. He served as Assistant Controller from 2007 to the present and as Senior Director of Financial Reporting from 2005 to 2007. Prior to joining Newmont, he held the position of Controller and Chief Accounting Officer at Echo Bay Mines Limited (1999–2003) and has over 28 years of experience in financial and accounting management.
Related Party Disclosures: The filing states there are no arrangements or understandings regarding Mr. Ottewell's selection, no reportable family relationships with directors or officers, and no reportable related party transactions.
Investor Verification Checklist
- Confirm the effective date of the leadership transition (March 8, 2011).
- Verify the interim nature of David Ottewell's appointment.
- Review subsequent filings for the permanent appointment of a Chief Accounting Officer.
- Check for any impact on financial reporting timelines due to the transition.