Barrick Appoints Gustavo Cisneros to Board of Directors.Business Editors TORONTO--(BUSINESS WIRE)--Sept. 10, 2003 Barrick Gold Corporation (NYSE NYSE See: New York Stock Exchange :ABX)(TSX:ABX)(LSE LSE - Language Sensitive Editor :ABX)(PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. :ABX)(Swiss:ABX) today announced that Gustavo Cisneros has been appointed as a member of the Board of Directors. Mr. Cisneros is the Chairman and Chief Executive Officer of the Cisneros Group of Companies, one of the world's largest privately held conglomerates. "Our Board will benefit from Gustavo's extensive business experience and knowledge, particularly involving Latin America where we have significant assets," said Peter Munk, Founder and Chairman of Barrick. "Barrick is committed to implementing the new standards for boards of directors set out by the Securities and Exchange Commission and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Gustavo's appointment reflects our determination to meet the new corporate governance guidelines and strengthen our Board geographically as a global company." Mr. Cisneros has headed the Cisneros Group of Companies for over 30 years, overseeing its transformation from a local beverage bottling and transport company to an international network of member firms doing business in over 100 countries including consumer goods, broadcast, media, technology and telecommunications holdings (including interests in Univision Communications Inc. (NYSE: UNV), Venevision Television, Venevision International, DIRECTV Latin America, Glaxson Interactive Group, Inc., Regional Brewing Company, Backus and Johnston Backus and Johnston is the largest brewery in Peru, part of the international SABMiller group. Its main brewery is located in the Ate District of Lima. Backus is owner of almost all brands of beer available in Peru. Besides beer it also produces soft drinks and bottled water. Brewing Company, American Online Latin America (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AOLA), and Pueblo International, LLC). He is also an active philanthropist through Fundacion Cisneros which is dedicated to enhancing educational opportunities, as well as cultural and economic prosperity throughout Latin America. Mr. Cisneros is a prominent member of the global academic and business communities and serves on the International Advisory Council of the Power Corporation of Canada Power Corporation of Canada TSX: POW.SV is a major Canadian company with assets in North America and Europe in a number of industries. These industries include media, pulp and paper, and financial services. and as a board member, trustee or advisor of educational institutions including the David Rockefeller Center for Latin American Studies Latin American Studies (sometimes abbreviated LAS) is an academic discipline which studies the history and experience of peoples and cultures in the Americas. Definition and Center for International Development at Harvard University, Columbia University, Babson College and Rockefeller University. Barrick is one of the world's leading gold producers, with operations and development projects on four continents, one of the largest gold reserves, at 87 million ounces, and the industry's only A-rated balance sheet. Its shares are traded under the ticker symbol ABX on the Toronto, New York, London and Swiss Stock exchanges and the Paris Bourse. |
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