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United States

Boart Longyear Ltd (BLY.AX)

BLY.AX on Australia Stock Exchange

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28 Apr 2017
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Summary

Name Age Since Current Position

Marcus Randolph

58 2016 Chairman of the Board

Jeffrey Olsen

2016 President, Chief Executive Officer, Executive Director

Brendan Ryan

2016 Chief Financial Officer

Denis Despres

2016 Chief Operating Officer

Fabrizio Rasetti

2007 Senior Vice President, General Counsel, Company Secretary

Bradley Baker

2008 Senior Vice President - Human Resources

Mark Irwin

2016 Vice President - Drilling Services Commercial & Marketing, Chief Commercial Officer

Philip Mackey

2016 Company Secretary

W. Peter Day

2014 Non-Executive Director

Jeffrey Long

59 2015 Non-Executive Director

Gretchen McClain

54 2015 Non-Executive Director

Deborah O'Toole

59 2015 Non-Executive Director

Conor Tochilin

2017 Non-Executive Director

Bret Clayton

2015 Non-Executive Independent Director

Rex McLennan

2015 Senior Independent Non-Executive Director

Nate Stubbs

2016 Director, Investor Relations

Biographies

Name Description

Marcus Randolph

Mr. Marcus P. Randolph is Executive Chairman of the Board of the Company. From 1 September 2015 through 29 February 2016 he held the positions of interim CEO and Executive Chair, and as of 1 March 2016 serves as Executive Chair. Mr Randolph has served more than 35 years in the mining industry in a variety of global, senior executive roles. Most recently, he was Chief Executive of BHP Billiton’s Ferrous and Coal business from July 2007 to September 2013, located in Melbourne, and was a member of BHP’s Group Management Committee. Prior to that role, he also held several other senior executive roles at BHP, including as its Chief Organisation Development Officer, President Diamonds and Specialty Products, Chief Development Officer Minerals and Chief Strategic Officer Minerals. His earlier career includes Chief Executive Officer, First Dynasty Mines, Mining and Minerals Executive, Rio Tinto Plc, Director of Acquisitions and Strategy, Kennecott Inc., General Manager Corporacion Minera Nor Peru, Asarco Inc., and various mine operating positions in the US with Asarco Inc. Mr Randolph holds a Bachelor of Sciences degree in Mining Engineering from the Colorado School of Mines in the United States and also holds a Masters in Business Administration from Harvard University.

Jeffrey Olsen

Mr. Jeffrey Olsen is President, Chief Executive Officer, Executive Director of Boart Longyear Limited. He was appointed President and Chief Executive Officer on 1 March 2016 after serving as Chief Financial Officer since 2014. Before joining Boart Longyear, he served as Chief Commercial Officer for Rio Tinto’s Iron & Titanium business since 2010. Prior to that time, he was Chief Financial Officer for Rio Tinto’s Borax and Minerals divisions for approximately eight years, and held other financial roles at Rio Tinto. Mr Olsen’s experience also includes financial roles at General Chemical Corporation and Xerox Corporation in the United States. Mr Olsen holds a Bachelor’s of Arts from the University of Utah and a Master of Business Administration from the Simon School of Business at the University of Rochester.

Brendan Ryan

Mr. Brendan Ryan is Chief Financial Officer of the Company., since 6 September 2016. Mr Ryan’s experience includes over 24 years within the mining industry, spent predominantly with Rio Tinto and Shell / Anglo Coal, working in a variety of key commercial and operating roles. Prior to a year working with Private Equity, Mr Ryan held the role of Global Head of Business Evaluation for Rio Tinto in London where he was accountable for managing the group capital planning and allocation process. Earlier roles during his 13 years with Rio Tinto included Head of Business Development for the Rio Tinto Copper & Diamonds Group in London, VP Projects & Expansion at Kennecott Utah Copper in Salt Lake City, as well as other Business Evaluation and Business Analysis roles in London and Australia. Mr Ryan holds a Master’s of Business Administration from the University of Oxford, UK as well as a Bachelor of Engineering (Mining) honors degree from the University of Queensland, Australia.

Denis Despres

Mr. Denis Despres is re designated as Chief Operating Officer of the Company., effective 1 September 2016. He began his career with Boart Longyear in 1981 and held various positions with progressive responsibility in the Company’s drilling services and products divisions over the next 26 years, including as Senior VP, Drilling Services. After leaving Boart Longyear in 2007, Mr Despres founded his own drilling business, which was acquired by Major Drilling in 2010. He most recently served as Major’s Chief Operating Officer prior to rejoining Boart Longyear. Mr Despres studied in Ontario, Canada, and received a diploma in mechanical engineering technology from Algonquin College, a Bachelor of Engineering from Lakehead University and a Master of Business Administration from Queen’s University, all of which are in Ontario, Canada.

Fabrizio Rasetti

Mr. Fabrizio Rasetti is Senior Vice President, General Counsel and Company Secretary of Boart Longyear Limited. He joined Boart Longyear in April 2006. Prior to that time, he worked at SPX Corporation (New York Stock Exchange), where he held various management roles in the legal department and for business development over a period of almost nine years. He also worked in the private law firms of Howrey & Simon and Towey & Associates in Washington, DC. He received his BS in Foreign Service and J.D. from Georgetown University.

Bradley Baker

Mr. Bradley (Brad) Baker is Senior Vice President - Human Resources of Boart Longyear Limited. Prior to joining Boart Longyear he worked for Milacron Inc. in Cincinnati, Ohio for 17 years in a variety of operational, divisional and global human resources roles including: Vice President of Human Resources, Director of Human Resources, North America, Director of Human Resources for the Plastics Technologies Group and leading the human resources and leadership integration of multiple acquisitions including the Michigan-based consumable tooling manufacturer, Valenite Inc. Mr Baker received his Bachelor of Science in Business Administration from Bowling Green State University and his Master of Business Administration from Xavier University.

Mark Irwin

Mr. Mark Irwin is Vice President - Drilling Services Commercial & Marketing, Chief Commercial Officer of the Company. He joined Boart Longyear in January 2016 as VP Drilling Services Commercial & Marketing, and in September 2016, became Chief Commercial Officer, assuming the global commercial and marketing responsibilities across Boart Longyear. Prior to joining Boart Longyear, Mr Irwin spent over 15 years working in the resources sector in mining services, in investment banking and 11 years for BHP Billiton. Roles. These roles included various global leadership roles in business development, operations, global procurement and strategy. In addition, he has also been CEO of two large Australian agricultural companies. Mr Irwin has a Master’s of Business Degree (MBA) and a Bachelors of Law degree (LLB).

Philip Mackey

Mr. Philip Mackey is Company Secretary of the Company. He was appointed Company Secretary on 29 January 2016. He has over three decades of company secretarial and commercial experience and is a member of the Company Matters’ secretariat team. Previously, he served as Company Secretary of ASX & SGX dual listed Australand Group Limited and Deputy Company Secretary of AMP Limited. Mr Mackey’s commercial experience includes appointment as Chief Operating Officer (Specialised Funds) of Babcock & Brown and at Bressan Group. He is a Fellow of Governance Institute Australia and a Graduate Member of the Australian Institute of Company Directors.

W. Peter Day

Mr. W. Peter Day is Non-Executive Director of Boart Longyear Limited. He is a member of the Audit, Compliance and Risk Committee and chairs the Remuneration Committee. Mr Day currently serves as a non-executive Director of, Alumina Limited, Ansell Limited and Australian Office Fund. Mr Day was formerly a Chairman and Director of Orbital Corporation Limited, a Director of Federation Centres Limited and SAI Global Limited. He was Chief Financial Officer for Amcor Limited for seven years and has also held senior executive positions with Bonlac Foods, the Australian Securities and Investments Commission, Rio Tinto, CRA and Comalco. He has a background in finance and general management across diverse industries. Mr Day received his LL.B (hons.) from the Queen Victoria University of Manchester (UK) and MBA from Monash University (Australia). He also holds FCPA, FCA and FAICD designations.

Jeffrey Long

Mr. Jeffrey W. Long is Non-Executive Director of the Company. He brings a wealth of operational experience to the Board. He currently serves as Chief Executive Officer of Penhall Company, a Centerbridge Partners portfolio company and North America’s largest provider of concrete cutting, coring and removal services. He also was employed by Centerbridge Partners as Senior Managing Director from 2010 to 2015, where he focused on improving portfolio company operations. Prior to joining Centerbridge, Mr Long was a Managing Director at Vestar Capital Partners from 2005 to 2010 and a Principal at McKinsey and Company from 1993 to 2005, where he similarly focused on assisting companies in a diverse range of industries drive operational improvements. A graduate of the United States Military Academy at West Point, Mr Long also served as a Cavalry Officer in the US Army for fourteen years. He holds Masters degrees from Harvard University’s John F. Kennedy School of Government and from the US Army’s Command and General Staff College.

Gretchen McClain

Ms. Gretchen W. McClain is Non-Executive Director of the Company. She has more than 25 years of global experience in both Fortune 500 corporations and government service, including serving as founding CEO of an S&P 500 global water technology company, Xylem Inc., and NASA’s Chief Director of the International Space Station. Ms. McClain brings extensive business, developmental, strategic and technical expertise having served a broad industrial market. McClain serves as a Board of Director for publicly traded companies: AMETEK, Inc., Booz Allen Hamilton Holding Corporation, and Boart Longyear Limited, and a private family owned business, J.M. Huber Corp and serves as an Advisor to EPIC Ventures. Through her own consulting practice, she provides leadership and business services to executives, frequently working with start-up businesses and private equity firms. She graduated from the University of Utah with a B.S. in Mechanical Engineering and received the University’s prestigious Founders Award in 2015. McClain was inducted into the Utah Technology Council Hall of Fame and is the first woman to receive this honor.

Deborah O'Toole

Ms. Deborah M. O'Toole is Non-Executive Director of the Company. She brings hands-on experience with major business transformations to the Board in addition to significant business development and financial skills. She served as the Chief Financial Officer and Executive Vice President of Aurizon Holdings Limited (QR Limited) from 2007 through 2012. Prior to that time, she was at Queensland Cotton Holdings from 2003 to 2005, where she held roles as Chief Financial Officer and Head of the Business Development Unit. Ms. O’Toole also has nearly twenty years of experience in the mining industry, having held a number of senior management positions with MIM Holdings, including as its Chief Financial Officer, from 1982 through 2001. Ms O’Toole currently is an independent Non-Executive Director at Credit Union Australia Limited, Sims Metal Management Limited and Asciano Rail Group of Companies in Australia. She has held several other independent Directorships during her career and is a Member of the Australian Institute of Company Directors. She holds a Bachelor of Laws from the University of Queensland and was admitted as a Solicitor of the Supreme Court of Queensland in 1981.

Conor Tochilin

Mr. Conor S. Tochilin is the Non-Executive Director of the Company. Mr Tochilin was appointed a Director of the Company on 20 January 2017. Mr Tochilin is a Principal at Centerbridge Partners, L.P., a major shareholder in the Company. Centerbridge Partners, L.P. manages approximately $29 billion of assets with a focus on credit, special situations, and private equity. Prior to joining Centerbridge Partners, L.P., Mr Tochilin was an Associate at TPG-Axon Capital Management in New York and London and a Business Analyst in McKinsey’s Corporate Finance Practice in New York. Mr Tochilin holds an A.B. in Economics and Philosophy, magna cum laude, from Harvard College, where he was elected to Phi Beta Kappa, a J.D. from Harvard Law School, and an M.B.A. from Harvard Business School.

Bret Clayton

Mr. Bret K. Clayton is Non-Executive Independent Director of the Company. Mr Clayton joind after a distinguished career at Rio Tinto, where he worked for 20 years and served on the Executive Committee for seven years. He joined Rio Tinto in 1994 and held a series of management positions, including Chief Executive of Rio Tinto’s global Copper and Diamonds groups, president and Chief Executive Officer of Rio Tinto Energy America (now Cloud Peak Energy) and Chief Financial Officer of Rio Tinto Iron Ore. He also served as the Group Executive for Business Support and Operations, which included Rio Tinto’s global exploration, procurement, information systems, shared services, internal audit, risk management and economics groups. Prior to joining Rio Tinto, Mr Clayton worked for PricewaterhouseCoopers for nine years, providing auditing and consulting services to the mining industry. Mr Clayton also has served as a non-executive Director for several for-profit and non-profit entities, including Praxair, Constellium Holdco B.V. and Ivanhoe Mines Limited (now Turquoise Hills Resources). Mr Clayton was a member of the U. S. American Institute of Certified Public Accountants from 1987 through 1996, and holds a Bachelor of Arts Degree in Accounting from the University of Utah. He also attended the International Executive Management Program of INSEAD in Fontainebleau, France.

Rex McLennan

Mr. Rex John McLennan is Senior Independent Non-Executive Director of Boart Longyear Limited. Mr McLennan was appointed the Board’s Senior Independent Director effective 1 September 2015 upon Mr Randolph’s assumption of duties as the Company’s Executive Chairman. Mr McLennan currently serves on the Board of Endeavour Silver Corp. (TSX, NYSE) and is Chairman of its Audit Committee. He most recently served as Chief Financial Officer for Viterra, Inc., a leading global agricultural products company primarily involved in the distribution, marketing and processing of grain and oilseeds, which was acquired by Glencore International in December 2012. He has held finance roles in the resources and other industries, including serving as Executive Vice President and Chief Financial Officer for Placer Dome, Inc. prior to its acquisition by Barrick Gold Company, and the Vancouver Organising Committee (VANOC) for the 2010 Olympic Winter Games. He also has significant experience in the energy resources industry, having held progressive leadership roles earlier in his career at Imperial Oil Limited, Exxon’s Canadian public oil company. Mr McLennan received his Master of Business Administration from McGill University in Finance/Accounting, and a Bachelor of Science in Mathematics/Economics from the University of British Columbia. He is also a member of the Institute of Corporate Directors (Canada) and received his ICD.D designation in June 2013 having completed all of the institution’s certification requirements.

Nate Stubbs

Basic Compensation

Name Fiscal Year Total

Marcus Randolph

400,000

Jeffrey Olsen

1,887,440

Brendan Ryan

238,306

Denis Despres

344,706

Fabrizio Rasetti

1,169,080

Bradley Baker

915,135

Mark Irwin

818,624

Philip Mackey

--

W. Peter Day

165,000

Jeffrey Long

135,000

Gretchen McClain

135,000

Deborah O'Toole

135,000

Conor Tochilin

--

Bret Clayton

165,000

Rex McLennan

177,000

Nate Stubbs

--
As Of  30 Dec 2016