Current Newcrest Group Treasurer, Dan O’Connell, has been appointed interim chief financial officer (CFO), effective Monday, December 19th.
He takes on the role after CFO, Sherry Duhe, was appointed interim CEO following managing director, Sandeep Biswas’, retirement.
O’Connell is a senior executive with more than 20 years’ experience in finance, including more than a decade at Newcrest across accounting and finance, tax, business and commercial performance.
He held roles at BHP Billiton and Ernst & Young prior to joining the company.
Chief Operating Officer (Americas) Craig Jones will also assume responsibility for all of Newcrest operations on an interim basis from December 19th.
Having held a number of executive and senior management roles, Jones has led operations in Canada, Papua New Guinea, Indonesia and Australia since commencing at the company 14 years ago.
Jones assumes this role with Chief Operating Officer (Australasia) Phil Stephenson leaving Newcrest, with effect from 31 December 2022.
To provide continuity and ongoing support alongside the management team, Newcrest chairman, Peter Tomsett, will have increased involvement in the business during the transition period.
Tomsett has broad gold mining and international business experience, having been an executive and non-executive director at a range of mining companies listed on the Australian, Toronto, New York and London stock exchanges. This includes Placer Dome Inc, Kidston Gold Mines Ltd, Equinox Minerals Ltd and Silver Standard Resources Inc.
In recognition of his increased time commitment, Tomsett will receive additional director fees of up to A$20,000 per month during the transition period.
“The Board has full confidence in the collective experience of our executive management team. Together, we remain energized about the next stage of Newcrest’s evolution, building on the company’s past successes, and ensuring we deliver outcomes for our shareholders, for our people, and for our communities in both 2023 and beyond,” said Tomsett.