Glencore executive joins Northern Star

Embattled Northern Star lands new CEO with $5.6m takeover parachute

Glencore’s Suresh Vadnagra will pocket millions in sign-on bonuses and benefits, and is guaranteed a payout should the gold miner bow to pressure and be sold.

Besieged Northern Star selects new CEO and chair

Stuart Tonkin will be succeeded by Glencore executive Suresh Vadnagra, whose bumper pay deal includes a $5.6 million sign-on bonus to jump ship.

Glencore executive joins Northern Star

Northern Star Resources' Kalgoorlie Consolidated Gold Mines in WA. Image: Inc/shutterstock.comNorthern Star has appointed Glencore executive Suresh Vadnagra as its next managing director and chief executive officer (CEO), as the gold producer simultaneously confirmed it had achieved its revised 2025-26 financial year (FY26) production guidance. Vadnagra will take over from long-serving CEO Stuart Tonkin on October 5, 2026 following a comprehensi…