Barrick CFO Succession Part Of Strategy Shakeup

Barrick Mining Corporation has just named it's new CFO as part of an ongoing shakeup of upper management. The company announced Helen Cai will become Senior Executive Vice President and Chief Financial Officer, effective March 1, 2026, succeeding Graham Shuttleworth. Shuttleworth will leave after Barrick reports its year-end results on February 5, and Cai will work with him during the transition. Helen Cai has been a Barrick board member since November 2021 and has over 20 years of experience in equity research, corporate finance, and strategic planning.

Barrick’s interim President CEO Mark Hill said Cai’s financial expertise and mining-sector experience will be valuable as the company focuses on improved performance and shareholder value. For context, Barrick is currently under pressure from Elliott Investment Management, which disclosed a $1 billion stake in the company back in November of last year, and has been cleaning house ever since. The changes began surrounding the abrupt departure of CEO Mark Bristow in September, 2025, who was replaced by interim President CEO Mark Hill within the same month.

These changes are expected to be just the beginning of many for Barrick - including, possibly, splitting into two different companies. The company would split to improve focus on operations - one company each for domestic and international mining. At the moment, no strategy pivot was announced — just a scheduled finance leadership transition with a defined overlap period. Still, it's worth being aware of the rumors going around, especially when activist investors get involved. For now, investors can be sure that CFO Cai brings a lot to the table.

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