Boart Longyear Appoints Jeffrey Olsen as Chief Financial Officer
January 07 2014 - 9:00AM
Business Wire
Boart Longyear Limited (ASX: BLY) today announces that Jeffrey
Olsen will be joining the Company as its Chief Financial Officer
effective April 1, 2014.
“I am pleased to have Jeff join Boart Longyear. His strong
financial background and knowledge and understanding of the
resources and mining industries, including his global experience in
a broad range of senior financial and commercial roles with Rio
Tinto, are a good fit for our Company and for our current
priorities to improve our balance sheet and focus on shareholder
returns,” states Boart Longyear President and CEO, Richard O’Brien.
“The Board and I also would like to thank Jay Clement for the
leadership and judgment he has provided as Acting CFO during a very
challenging period. He has been indispensable to me since I joined
the Company and will continue to be so.”
Jeff has 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 for another six years earlier in his career.
Jeff’s experience also includes financial roles at General Chemical
Corporation and Xerox Corporation in the United States.
“Boart Longyear has a strong brand and a long history of
success,” states Jeff. “I look forward to joining their strong
management team and to helping the Company deliver results for its
customers and shareholders.”
Jeff holds a Bachelor’s of Arts from the University of Utah and
a Masters of Business from the Simon School of Business at the
University of Rochester.
About Boart Longyear
With over 120 years of expertise, Boart Longyear is the world’s
leading provider of drilling services, drilling equipment, and
performance tooling for mining and drilling companies globally. It
also has a substantial presence in aftermarket parts and service,
energy, mine de-watering, oil sands exploration, and production
drilling.
The Global Drilling Services division operates in over 40
countries for a diverse mining customer base spanning a wide range
of commodities, including copper, gold, nickel, zinc, uranium, and
other metals and minerals. The Global Products division designs,
manufactures and sells drilling equipment, performance tooling, and
aftermarket parts and services to customers in over 100
countries.
Boart Longyear is headquartered in Salt Lake City, Utah, USA,
and listed on the Australian Securities Exchange in Sydney,
Australia. More information about Boart Longyear can be found at
www.boartlongyear.com. To get Boart Longyear news direct, visit
http://www.boartlongyear.com/rssfeed.
Boart LongyearMonika Portman, 801-952-8451Director, Corporate
Communicationsmonika.portman@boartlongyear.com
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