Newcrest's interim CEO will depart after it's acquired by Newmont

Following an acquisition agreement for Newmont Corp. to acquire Newcrest Mining Ltd., the Newcrest interim chief executive officer said she will depart the combined entity after the transaction closes.

Initially announced in May, Newmont reached a definitive agreement to acquire Newcrest in a deal worth US$19 billion. On Tuesday, the deal received clearance from the Canadian Competition Bureau. 

Sherry Duhe, the interim chief executive officer at Newcrest, said in an interview with BNN Bloomberg Wednesday that “there’s not going to be two CEOs” and that she will be “very busy the next few months helping to bring this transaction to a smooth close.”

“We're going from being the fifth largest gold company on the planet to being by far the largest gold company on the planet with some of the best copper reserves out there,” she said.