Barrick Replaces CFO Al-Joundi in Latest Management Change

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Barrick Gold Corp., the world’s biggest gold producer, said it will replace Chief Financial Officer Ammar Al-Joundi two months after Chief Executive Officer Jamie Sokalsky left the company.

Shaun Usmar, a former Xstrata Plc executive, will join Barrick as senior executive vice president on Nov. 24 and become CFO on Feb. 18,, the Toronto-based miner said today in a statementBloomberg Terminal. Al-Joundi will leave after Barrick reports its 2014 financial results, the company said, without giving a reason for his departure.