Jamie C. Sokalsky was appointed President and Chief Executive Officer of Barrick Gold Corporation on June 5, 2012. He is also a member of the company's Board of Directors.
Previously, Mr. Sokalsky was Barrick's Chief Financial Officer, after rising in a series of progressively senior roles with the company through two decades.
Since joining Barrick in 1993, when the company was a growing presence in North America, Mr. Sokalsky has built a respected track record of contributions to Barrick's growth and its strategy for delivering value to shareholders. As part of the company's senior leadership, Mr. Sokalsky played a central role in the execution of acquisitions and project development that saw Barrick grow into a global mining company and the world's largest gold producer, including the seminal 2006 purchase and integration of Placer Dome Inc.
During his tenure as CFO, Mr. Sokalsky led the reduction of costs by over $1 billion in a decade, through the execution of a currency and commodity risk management program and other cost-mitigation strategies, including the operation of Barrick Energy, an oil producing company that acts as a hedge against rising long-term fuel price costs.
Mr. Sokalsky joined Barrick in 1993 as Vice President and Treasurer, rising to Senior Vice President and Chief Financial Officer in 1999, and Executive Vice President and Chief Financial Officer in 2004, leading Treasury, Tax, Controllership and Financial Reporting, Internal Audit, Investor Relations and Information Technology.
Previously, Mr. Sokalsky was an executive at George Weston Limited for 10 years. He holds an Honors Bachelor of Commerce degree from Lakehead University and received his Chartered Accountant designation in 1982.