Newmont Corporation has announced the appointment of its new executive vice president and chief financial officer.
Karyn Ovelmen will step into the role, bringing extensive global leadership experience with her.
Ms Ovelmen previously held chief financial officer roles for highly complex and capital-intensive companies in the resource and energy sectors, including Flowserve, LyondellBassell Industries NV, and Petroplus Holdings AG. Most recently, Ms Ovelmen has been fully dedicated to board of director roles at Hess Corporation and Arcelor Mittal.
Ms Ovelmen is a highly experienced financial professional who will focus on financial discipline and maintaining a robust and flexible balance sheet to support Newmont’s capital allocation strategy. Ms Ovelmen will be responsible for Newmont’s Global Finance Functions and will join Newmont during the second quarter of 2023.
Newmont President and Chief Executive Officer, Tom Palmer, said, “Our balanced and disciplined approach to capital allocation to maintain financial strength and flexibility, and the highest standards of corporate governance, are Newmont’s industry trademarks and critical to our long-term strategy.
“Ms Ovelmen brings a breadth of global experience operating in complex financial environments and has proven leadership and commercial capabilities to enable success during periods of transformation.
“Ms Ovelmen is uniquely qualified to ensure our financial approach underpins the safe delivery of long term value to all our stakeholders through sustainable and responsible mining,” Mr Palmer said.
Ms Ovelmen has a strong commitment to developing high performing teams, continuous improvement and performance in global organisations having worked in the US and the United Kingdom. Ms Ovelmen holds a Bachelor of Arts in Political Science from the University of Connecticut and is a licensed Certified Public Accountant in the state of Texas.
Ms Ovelmen will be a member of the Newmont Executive Leadership Team and will be based in Denver.
