Barrick Announces Leadership Appointments
Rhea-AI Summary
Barrick (NYSE:B) on February 24, 2026 appointed James J. McGuire as Chief Legal and Policy Officer and Woo Lee as Chief Global Affairs Officer. Both will report to CEO Mark Hill and join the Executive Committee. Poupak Bahamin becomes General Counsel and Chief Compliance Officer and remains on the Executive Committee.
McGuire brings over 30 years of legal experience; Lee has over 11 years at Barrick and will lead global government affairs and sovereign relationships.
Positive
- Executive appointments dated February 24, 2026 add senior legal and global affairs leadership
- Both appointees will join the Executive Committee, centralizing policy and government affairs
- McGuire brings over 30 years of legal and policy experience to oversee legal, compliance, and public policy functions
- Lee with 11+ years at Barrick will lead global government and sovereign relationships
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
Key gold peers (WPM, FNV, AU, AEM, KGC) are all up between 2.22% and 6.04%, suggesting broader strength in gold-related names even though the momentum scanner did not flag a coordinated sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 11 | Earnings event invite | Neutral | +1.5% | Announcement of date and details for an upcoming quarterly report presentation. |
| Feb 06 | Product sales update | Positive | +2.7% | Report of Leqembi Q4 2025 sales and related royalty growth to the company. |
| Feb 05 | Full-year results | Positive | -7.2% | Record 2025 revenue, cash flow, and a new dividend framework with asset IPO plans. |
| Feb 05 | Dividend and buybacks | Positive | -7.2% | Increased Q4 2025 dividend and disclosure of substantial share repurchases in 2025. |
| Feb 05 | Board and CEO changes | Positive | -7.2% | Board appointment and elevation of Mark Hill to President, CEO and director role. |
Recent Barrick-specific positives (earnings, dividend hike, board changes) were followed by a sharp negative move, while neutral or positive items for the broader ticker history sometimes saw modest gains.
Over the past few months, news tied to the ticker B has ranged from event notices to major corporate actions. A Q4 2025 sales and royalty update for Leqembi was followed by a 2.71% gain, while a simple results presentation invitation saw a smaller 1.47% rise. For Barrick, record full-year 2025 results, an increased dividend and buybacks, and board and CEO changes on Feb 5, 2026 coincided with a -7.16% move, highlighting that strong fundamentals or governance changes have not always produced positive short-term reactions.
Market Pulse Summary
This announcement highlights additions to Barrick’s senior leadership team, with new roles overseeing legal, compliance, public policy and global government affairs. These appointments follow earlier updates on results, dividends and board composition, and underscore an emphasis on regulatory engagement and license to operate. Investors tracking Barrick may focus on how these executives support execution of existing strategic objectives, government relationships, and long-term value creation initiatives already disclosed in recent filings and releases.
AI-generated analysis. Not financial advice.
TORONTO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced the appointments of James J. McGuire as Chief Legal and Policy Officer and Woo Lee as Chief Global Affairs Officer. Both will report to Barrick’s President and Chief Executive Officer, Mark Hill, and will be members of the Executive Committee.
Mr. McGuire brings over 30 years of legal (civil and criminal) experience representing leading corporations, financial institutions, and individuals on a wide range of complex legal and policy matters. As Chief Legal and Policy Officer, Jim will oversee Barrick’s legal, compliance, regulatory, and public policy functions. Poupak Bahamin will become Barrick’s General Counsel and Chief Compliance Officer and will remain a member of Barrick’s Executive Committee.
Jim joins Barrick from Greenspoon Marder LLP, where he was a Litigation Partner and Managing Partner of the New York office. Prior to private practice he served as a federal criminal prosecutor in the Southern District of New York and was a law clerk to a distinguished U.S. District Judge. Jim was educated at Harvard Law School (graduating cum laude), the London School of Economics (Rhodes Scholar), University of Oxford (Rhodes Scholar), and Yale University (graduating cum laude with distinction).
Mr. Lee has worked at Barrick for over 11 years, most recently as Senior Vice President and Head of Government & Corporate Affairs, Asia Pacific, where he worked with government officials, business and community leaders to advance the Company’s strategic objectives. As Chief Global Affairs Officer, Woo will lead Barrick’s global government affairs strategy in all markets as well as manage government and sovereign relationships.
Woo has over 30 years of experience in Washington, China and East Asia and worked as a U.S. diplomat in the State Department, where he held senior posts at American embassies and consulates across the APAC region. Woo’s foreign languages are Chinese, Japanese and Korean, and he holds a bachelor’s degree from Yale University.
These appointments reflect Barrick’s strengthened focus on government engagement and public policy as core capabilities that support the Company’s strategy, license to operate, and long-term value creation.
About Barrick Mining Corporation
Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry, Barrick’s operations and projects span 17 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.
| Investor Relations Contact Barrick Mining Corporation Cleve Rueckert, +1 775 397 5443 cleveland.rueckert@barrick.com | Media Contact Brunswick Group Carole Cable, +44 (0) 20 7404 5959 barrick@brunswickgroup.com |
FAQ
Who did Barrick (B) appoint on February 24, 2026 to lead legal and policy?
What role was Woo Lee given at Barrick (B) on February 24, 2026?
Will the new appointees report to Barrick CEO Mark Hill and join the Executive Committee?
What position will Poupak Bahamin hold after the February 24, 2026 appointments at Barrick (B)?
What experience does James J. McGuire bring to Barrick (B)?
How long has Woo Lee worked at Barrick (B) prior to his appointment on February 24, 2026?
