Newcrest Mining (ASX:NCM) announced today 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 today.
The company said succession planning had been ongoing. Newcrest has now started the global search for a new leader.
"Sandeep will remain available in an advisory capacity during the CEO transition period, ahead of his retirement on 18 March 2023," said the company in a news release. "His retirement as Managing Director takes effect as of 18 December 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 next year. In line with the company’s executive succession planning, this process has been ongoing for some months and included conversations with Sandeep."
