Newmont (NYSE: NEM) brings Peter Beaven onto its board and audit team
Rhea-AI Filing Summary
Newmont Corporation (NEM) is adding Peter David Beaven to its Board of Directors as an independent director, effective September 1, 2026. He will also join the Board’s Audit Committee on that date. Beaven, age 59, brings extensive global mining and finance experience, including serving as Group Chief Financial Officer of BHP from 2015 to 2021 and holding multiple senior operational leadership roles there. He currently serves as Chair and interim Chief Executive Officer of Renewable Metals Pty Ltd. and as a Senior Adviser to Global Infrastructure Partners. Beaven will receive compensation in line with Newmont’s standard non-employee director compensation program described in its 2026 proxy statement. Newmont states there are no related-party relationships or transactions with Beaven that require disclosure under Item 404(a) of Regulation S-K.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Effective date of directorship: September 1, 2026
Director age: 59
Temporary CEO role date: August 7, 2026
+2 more
5 metrics
Effective date of directorship
September 1, 2026
Date Peter David Beaven becomes an independent director and Audit Committee member
Director age
59
Age of Peter David Beaven at the time of appointment
Temporary CEO role date
August 7, 2026
Date Beaven temporarily assumed CEO role at Renewable Metals Pty Ltd.
Proxy Statement date
May 12, 2026
Date of Newmont’s 2026 Proxy Statement describing director compensation
Report signature date
August 20, 2026
Date the report was signed by Senior Vice President, Deputy General Counsel and Corporate Secretary
Key Terms
independent director, Audit Committee, non-employee director, Item 404(a) of Regulation S-K, +1 more
5 terms
independent director regulatory
"appointed Peter David Beaven to serve as an independent director"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Audit Committee regulatory
"appointed to serve on the Audit Committee of the Board"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
non-employee director regulatory
"compensation as a non-employee director in accordance with the Company's"
Item 404(a) of Regulation S-K regulatory
"transactions or relationships ... reportable under Item 404(a) of Regulation S-K"
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What board change did Newmont (NEM) announce on August 20, 2026?
Newmont announced that Peter David Beaven has been appointed to its Board of Directors as an independent director, effective September 1, 2026. He will also join the Board’s Audit Committee on the same date.
What is Peter Beaven’s professional background relevant to Newmont (NEM)?
Peter Beaven, age 59, previously served as Group Chief Financial Officer of BHP from 2015 to 2021 and held several senior operational roles there, including President roles in Copper, Base Metals, Manganese and Carbon Steel Materials development, plus prior corporate finance and investment banking positions.
What current roles does Peter Beaven hold alongside his Newmont (NEM) directorship?
Peter Beaven is Chair of Renewable Metals Pty Ltd., where as of August 7, 2026 he temporarily assumed the role of Chief Executive Officer, and he acts as a Senior Adviser to Global Infrastructure Partners.
How will Peter Beaven be compensated as a director of Newmont (NEM)?
Peter Beaven will receive compensation as a non-employee director in accordance with Newmont’s director compensation program, as described in its 2026 Proxy Statement dated May 12, 2026.
Will Peter Beaven’s appointment affect Newmont (NEM)’s Audit Committee?
Yes. Newmont’s Board is appointing Peter Beaven to the Audit Committee, effective September 1, 2026, in addition to his role as an independent director on the Board.
AI-generated analysis. How Rhea-AI works. Not financial advice.
