Global drilling services company Boart Longyear has announced a major coup, securing a highly qualified new chief executive officer. Richard O’Brien was most recently chief executive officer of Newmont Mining, which is among the world’s largest gold producers. He brings 25 years of operational and financial experience in the natural resources, energy and power sectors to the new role.
Boart Longyear’s Board of Directors says the appointment follows a comprehensive international search, which saw a number of strong internal and external candidates considered.
“I am honoured to be joining the Boart Longyear team and look forward to building upon the company’s remarkable heritage and innovative spirit to deliver increased value to customers and shareholders,” says Richard O’Brien.
He served as Newmont’s chief executive officer for the past six years, after holding the chief financial officer position with the company which operates in North and South America, Australia, Indonesia, New Zealand and Africa.
Newly elected chair of the Board, Barbara Jeremiah, says it’s this experience leading Newmont that ultimately proved he was the best man for the job. “Richard O’Brien’s experience leading Newmont for the last several years gives him unique insight into the opportunities and challenges facing the mining industry at large and Boart Longyear specifically.
“His strategic focus, financial expertise and appreciation for the complexities of operating globally will benefit the company and our shareholders. These attributes will be important in strengthening Boart Longyear’s position as the leading drilling services, drilling equipment and performance tooling provider for the global mining industry,” she says.
The previous Chairman of the Board at Boart Longyear and interim chief executive officer since October 2012, David McLemore, will remain on the Board.
“Dave’s leadership and dedication to his Board and interim leadership duties have been instrumental in re-focusing the company’s commitment to increasing shareholder value. Dave has made many difficult decisions since October and has provided rapid responses to the changing dynamics in our industry. We thank him for his efforts and welcome his continuing role as a director on the Board,” Barbara Jeremiah says.
Boart Longyear provides drilling services, drilling equipment and performance tooling for mining and drilling companies in 40 countries across the world. The company is also increasing its presence in the energy, mine de-watering, oil sands exploration and production drilling sectors. The company is headquartered in Utah, USA, with sales in 2012 of US$2 billion.