Newmont Mining Group Executive Elected to CAPS Research Board of Trustees
(TEMPE, Arizona) April 10, 2008 - The CAPS Research Board of Trustees recently elected a leading supply management professional from the mining industry, John S. Gundersen, C.P.M., to serve as a Trustee. Gundersen is the Group Executive for Global Supply and Contracts at Newmont Mining Corporation and has oversight of Newmont Mining Corporation's global supply chain management and contracting operations. Newmont is a leading gold producer with operations on five continents. CAPS Research is a globally recognized supply management research organization affiliated with the W. P. Carey School of Business at Arizona State University, and the Institute for Supply ManagementTM (ISM). The Board of Trustees is responsible for setting overall operating policies and procedures, and establishing key research programs.
Gundersen is also responsible for the strategic direction of global supply chain programs throughout the lifecycle of Newmont's mining operations starting with new projects, continuing through all mining operations, and ending with the closure and reclamation of a site. Newmont's supply chain organization is responsible for annual spend in excess of $4 billion with more than 15,000 suppliers globally.
Gundersen recently led the successful restructuring of Newmont's supply chain organization from a decentralized operational model to a more streamlined and efficient centralized business model. The new supply chain is centralized for all global, high dollar categories of spend. He was responsible for initiating Newmont's global supply management process standardization to ensure that best processes and procedures are being captured and subsequently utilized at all operations sites.
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About CAPS Research www.capsresearch.org:
CAPS Research is a nonprofit research organization founded in 1986 to provide leading research to our strategic-minded corporate sponsors and to the public. Our mission is to work in partnership with a global network of executives and academics for the discovery and dissemination of strategic supply management knowledge and best practices. CAPS Research is jointly sponsored by the W. P. Carey School of Business at Arizona State University, the Institute for Supply ManagementTM and over 145 Global 1000/Fortune 500-size organizations.
About Newmont Mining Corporation www.newmont.com:
Founded in 1921 and publicly traded on the NYSE since 1925, Newmont is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company employs approximately 15,000 people, the majority of whom work at Newmont's core operations in the United States, Australia, Peru, Indonesia and Ghana. Newmont is the only gold company listed in the S&P 500 index and in the Dow Jones Sustainability Index-World. Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.
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