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Post by Catdaddy on Feb 12, 2007 16:09:49 GMT -5
Source: Newmont Mining Corporation
Newmont Announces Seymour Schulich to Continue as Chairman of Newmont Capital but Will Not Stand for Re-Election to Newmont Board Monday February 12, 4:00 pm ET
DENVER, Feb. 12 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM - News) today announced that Mr. Seymour Schulich will remain as Chairman of Newmont Capital Limited (a Newmont subsidiary) and will continue to serve as a consultant to the Company, but will not stand for re-election to the Newmont Board of Directors at the Company's Annual Meeting of Stockholders in April 2007. Mr. Schulich was the Chairman and Co-Chief Executive Officer of Franco-Nevada Mining Corporation Limited, which was acquired by Newmont in 2002 in connection with the three-way merger of Newmont, Franco-Nevada and Normandy Mining Corporation. Mr. Schulich commented, "Since the merger of Newmont, Franco and Normandy, I have enjoyed participating in the building of a world-class gold company, and look forward to continuing my close association with the Company." Wayne W. Murdy, Chairman and Chief Executive Officer of Newmont said, "Seymour's contributions to the Company are immeasurable. The Board will miss his vast business experience and sharp wit; but we feel confident that he will continue to contribute to the exchange of ideas in his continuing role with the Company."
Source: Newmont Mining Corporation
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