Newmont Company (NYSE:NEM) is likely one of the greatest performing massive cap shares to purchase. On September 29, Newmont Company introduced a deliberate management succession. Tom Palmer, who has served as Chief Government Officer/CEO since 2019, will resign from the Board of Administrators and as CEO on December 31 this 12 months.
Palmer, solely the tenth CEO in Newmont’s 104-year historical past, served the corporate for greater than a decade, having joined in 2014 as Senior Vice President, Indonesia, and was named Government Vice President/EVP and Chief Working Officer/COO by 2016. Palmer will then function Strategic Advisor till his ultimate retirement on March 31, 2026, to assist a seamless transition.
Natascha Viljoen, Newmont’s present President and Chief Working Officer/COO, will succeed Tom Palmer as President and CEO, and also will be a part of the Board of Administrators on January 1, 2026. She’s going to turn into the primary lady to steer Newmont in its greater than 100-year historical past. Viljoen joined Newmont in 2023 as EVP and COO, bringing over 3 a long time of world management expertise.
Newmont Company (NYSE:NEM) produces and explores gold properties. It additionally explores for copper, silver, zinc, lead, and different metals.
Whereas we acknowledge the potential of NEM as an funding, we imagine sure AI shares supply higher upside potential and carry much less draw back danger. If you happen to’re on the lookout for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.
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