Regent and his team have been noticeably quiet when it comes to deal making since increasing the company's stake in the Cerro Casale project in Chile in March and, weeks earlier, losing a bid for a controlling stake of the El Morro project in Chile to competitor Goldcorp Inc. Barrick opposes the way the deal was handled and has taken the issue to court. Now that Barrick has bounced back following Mr. Regent's restructuring, many see it as the logical time for the company to make its next purchase.
If Mr. Regent feels the pressure to pounce, however, it doesn't show. Carefully cutting off a slice of his tuna burger with a fork and knife, the soft-spoken year-old executive insists he's in no hurry to do a deal. Of course, he says, Barrick is always looking.
He realizes, as most gold executives do, that global reserves of the precious metal are constantly shrinking. Regent says, his voice barely audible over the din of the surrounding lunch-hour conversation and a constant clattering of cutlery and plates. Regent insists Barrick hasn't been left out of the race for resources.
Regent says. Besides, there will be plenty of other opportunities. No major gold asset comes for sale without Barrick knowing about it. The calm attitude he portrays comes from the confidence his chairman, the well-regarded Mr. Munk, has shown in his latest recruit.
At the company's annual meeting last spring, Mr. Munk heralded his rising star CEO for his "courage" and his "enormous thinking, enormous conviction," at Barrick so far. According to Mr. Regent, who was humbled by those remarks, the two have a close working relationship - yet Mr.
Munk remains hands off on the day-to-day running of the business. Regent dismisses the suggestion that Mr. Munk still pulls the strings at the gold producer he founded nearly 30 years ago. Regent says between bites of sweet potato wedges and salad. He has a worldwide Rolodex. While Mr. Regent may look to veteran mining executives for inspiration, he represents a new generation of CEOs in the industry who appear less flamboyant than their predecessors, but have savvy management skills. He shuns traditional management textbooks, however.
If you distill it to its essence For Mr. Regent, the experience of "doing" comes largely from his time in executive roles at base metals miner Noranda Inc. Two decades later, and after going back and forth between the mining industry and Brookfield, the married father of three daughters is one of Canada's youngest and highest-paid CEOs, running one of the country's largest companies.
When he turns 45 next month, with another 20 years or more left in his career, Mr. Regent will have achieved more than some mining executives do in a lifetime. Still, he appears to keep it in perspective. His humble roots may help, but there is also immense pressure on gold executives now, to keep their companies growing and attract the attention of investors who have more options than ever for getting exposure to gold, including the onslaught of bullion-backed exchange-traded funds.
Then there's the threat that gold's meteoric rise, which skeptics say is nothing more than the next financial bubble, will eventually pop. Regent, like most gold company executives, believes there are strong fundamentals in place to back the rising price of gold.
But it's his job to keep Barrick investors happy no matter which direction gold goes, and he knows it. You borrow it. Born January, , in Dublin, Ireland.
Top Technicals. Top Movers. Investment selections. Technical Rankings. Fundamental Rankings. Stock Screener Home. MarketScreener tools. Dynamic chart. Our Services. MarketScreener Portfolios. Aaron Regent. Aaron William Regent is a Canadian businessperson who has been at the helm of 11 different companies. He received an undergraduate degree from the University of Western Ontario.
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