Barrick Gold (NYSE:ABX) Shuffles Management Team

Barrick Gold's (NYSE:ABX) Darren Blasutti, SVP Corporate Development, will be leaving the company to pursue other opportunities, and will be replaced on an interim basis by Alistair Baker.

Aaron Regent, President and Chief Executive Officer, said, "Over the years Darren has played a key role in the strategic development of Barrick and has led many of our acquisitions such as Sutton Resources, Homestake, Placer Dome and the consolidation of our world class Cortez property among others. We thank Darren for the value he has added to our organization and wish him much success in his future endeavours."

Blasutti will leave the company effective January 7, 2011.

Barrick was trading at $53.04, up $0.09, or 0.17 percent, as of 12:52 PM EST.