Newcrest Mining Limited
(ASX:NCM) has appointed director Peter Hay to replace Don Mercer as chairman when he departs in December.
Mr Mercer says Mr Hay’s skills and experience will lead Newcrest into the next stage of its development as a major gold producer.
Mr Hay says the company’s board will continue to ensure its corporate strategy remains appropriate in view of volatile market conditions.
Newcrest has also appointed former Rio Tinto Limited
(ASX:RIO) executive Sandeep Biswas as its new Chief Operating Officer, to come on board at the beginning of next year.
Newcrest slumped to a $5.7 billion loss in fiscal 2013.
