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Australia's Incitec Pivot taps Fazzino as new CEO

Tue Jul 28, 2009 7:19pm EDT

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MELBOURNE, July 29 (Reuters) - Australian fertiliser and explosives group Incitec Pivot Ltd (IPL.AX) promoted James Fazzino to chief executive on Wednesday to replace Julian Segal, who quit in April.

Fazzino, 43, had been the company's chief financial officer for six years, in which time Incitec merged with Pivot, bought BHP Billiton's (BHP.AX) (BLT.L) Southern Cross Fertilisers and expanded to become the world's second largest commercial explosives-maker when it bought most of Dyno Nobel.

The decision follows a global search, chairman John Watson said. (Reporting by Sonali Paul; Editing by Mark Bendeich)



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