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By Robb M. Stewart
MELBOURNE, Australia--Orica Ltd. (ORI.AU) has promoted former Anglo America PLC (AAL.LN) executive Christopher Davis to the position of chief financial officer, replacing Vince Nicoletti who the commercial explosives supplier said was leaving for personal unspecified reasons.
Mr. Davis, who has been with Orica since 2013 and vice president of group finance since 2015, will take on the new role effective Oct. 1, the company said.
Before joining Orica, Mr. Davis held a number of financial and executive positions at Anglo American, including as head of business analysis and reporting for Anglo American Platinum Ltd. (AMS.JO) from 2006 to 2008 and corporate finance manager for Anglo American from 2001 to 2006, as well as chief executive of its former Scaw Metals subsidiary between 2009 and 2013.
The company said Mr. Nicoletti would assist with the transition to Mr. Davis until the end of the year. He was appointed financial chief in October 2017, having previously held senior leadership positions at BHP Billiton Ltd. (BHP.AU), including as president of the energy coal division and chief financial officer of the aluminum unit.
Orica--which provides explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets--is scheduled to report its full-year results on Nov. 2 and said it remained confident in the outlook for the financial year.
Write to Robb M. Stewart at email@example.com
(END) Dow Jones Newswires
September 24, 2018 19:36 ET (23:36 GMT)
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