Goldcorp CEO to exit after merger

Goldcorp chief executive David Garofalo will step down from the Vancouver-based company once it completes its merger with Colorado-based Newmont Mining Corp. The US$10 billion merger — announced January 14 — will create the world’s largest gold miner. The new company, Newmont Goldcorp, will be run by Newmont CEO Gary Goldberg. Garofalo’s severance package should top $10 million, according to The Globe and Mail, thanks to Goldcorp stock awards.