LGL Appoints New CEO
31 Marzo 2010 - 4:53PM
Marketwired
Leading gold miner Lihir Gold Ltd (LGL) (TSX: LGG)(ASX:
LGL)(NASDAQ: LIHR) has appointed former BHP senior executive Graeme
Hunt as Managing Director and Chief Executive Officer.
LGL Chairman Ross Garnaut said Mr Hunt was the ideal candidate
for the CEO role, possessing strong leadership skills, wide mining
industry knowledge and extensive experience in strategic
development.
A metallurgist by training, Mr Hunt, 53, previously spent 34
years with BHP Billiton. Starting as a metallurgical trainee in
1975 at the Port Kembla Steelworks, he advanced his career through
a variety of roles, eventually becoming President of the global
Iron Ore division from 1999 to 2006, and then President of the
global Aluminium division in 2006 and 2007. His final role at BHP
was as President of Uranium, including responsibility for the
Olympic Dam Expansion. He left BHP in March last year.
As President of Iron Ore, Graeme presided over a major programme
of building and utilizing strategic options for increasing value
through expanding production from a huge resource, which continues
today.
Mr Hunt will relocate to Brisbane from Melbourne, and will take
up his position immediately.
"We are delighted to have an executive of Graeme's calibre in
place to lead LGL to the next stage of its development," said Dr
Garnaut.
"LGL is well placed to deliver increasing returns to
shareholders in the next few years, with major growth projects well
advanced in Papua New Guinea and in West Africa.
"Graeme possesses all of the qualities and experience the Board
was looking for to ensure that the company delivers on its
commitments and builds on its strong asset base to create value for
shareholders."
Mr Hunt said he was looking forward to the opportunity to lead
LGL into the next stage of its growth strategy.
"LGL has great assets in three countries, a talented management
team in place, and significant untapped potential," Mr Hunt
said.
"I believe the company has an exciting future ahead of it and I
am delighted to be a part of that growth and development," he
said.
Dr Garnaut also paid tribute to LGL's Chief Financial Officer,
Phil Baker, who stepped into the CEO role on a temporary basis in
January.
"Phil has done an excellent job in the interim, and was seen in
the market as an outstanding leader of the company. We are very
fortunate to have him on the senior executive team, and we look
forward to his continued contribution," he said.
Mr Hunt's contract is available on the company's web site, at
www.lglgold.com, along with a detailed career history.
ARBN 069 803 998
Contacts: Lihir Gold Ltd Joe Dowling GM Corporate Affairs 07
3266 8382 or 0421 587755 Lihir Gold Ltd Josie Brophy Corporate
Communications Manager 07 3318 3317 or 0448 177 502 Cheryl A.
Martin North American Investor Relations 303-386-4586
cmartin@martincorpcom.net
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