Barrick to eliminate innovation role under decentralization
Barrick Gold Corp will eliminate the executive role of Chief Innovation Officer
TORONTO, Sept 12 (Reuters) – Barrick Gold Corp will eliminate the executive role of Chief Innovation Officer as part of a broad decentralization push, the company said on Wednesday, adding that it will continue to work on innovation and productivity improvements.
Barrick did not officially announce the change, which follows work by CIO Michelle Ash to establish systems that support innovation work at the mine site, rather than the head office, a company spokesman said.
“When operations are central to the innovation process, the implementation of new technologies and processes becomes faster and more successful,” said Barrick spokesman Andy Lloyd.
Barrick Chairman John Thornton advocates a lean, decentralized management model, shifting more power and decision-making to mine operators.