Newcrest Mining (ASX:NCM) today announced that Managing Director and CEO Sandeep Biswas is retiring.
Newcrest’s Chief Financial Officer (CFO), Sherry Duhe, will assume the role of interim CEO, effective immediately.
The company said succession planning is underway. Newcrest has now launched the global search for a new leader.
“Sandeep will remain available in an advisory capacity during the CEO transition period, prior to his retirement on March 18, 2023,” the company said in a press release. “His retirement as CEO is effective December 18, 2022. A global internal and external search for a new CEO is underway, supported by executive search firm Russell Reynolds, with an appointment expected to be made within the year. In line with company policy on management succession planning, this process has been ongoing for a few months and included conversations with Sandeep.”
Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.