Newcrest Mining Limited has announced that Mr Peter Hay intends to retire as a Non-Executive Director and as a Non-Executive Chairman of Newcrest.
Mr Hay will retire from the close of Newcrest’s Annual General Meeting (AGM) on 10 November 2021.
“I have thoroughly enjoyed my time as both a Non-Executive and Chairman of Newcrest and leave the company in the capable hands of a strong and committed Board and Executive management team,” Mr Hay said.
“I would like to take this opportunity to thank all of our shareholders for their continued support over the last eight years.”
Newcrest announced that Mr Peter Tomsett has been appointed as Non-Executive Chairman with effect from the close of Newcrest’s AGM, subject to his re-election as a Non-Eexecutive Director at the AGM.
Mr Tomsett has extensive gold mining and international business experience as both an executive and non-executive director of a broad range of mining companies listed on the Australian, Toronto, New York and London stock exchanges.
He was appointed to the Board as a Non-Executive Director in September 2018 and is a member of the Audit and Risk Committee, Safety and Sustainability Committee and the Nominations Committee.
Mr Tomsett spent 20 years with global gold and copper company Placer Dome Inc in senior roles, including President and Chief Executive Officer, until its acquisition in 2006.
Newcrest Managing Director and Chief Executive Officer Sandeep Biswas thanked Peter Hay for his leadership and contribution towards the company’s success over the past eight years.
“I would also like to congratulate Peter Tomsett on his appointment as Chairman of the Newcrest Board and look forward to working with Peter and the Board to successfully execute our forging an even stronger Newcrest business plan,” Mr Biswas said.
