Board of Directors
The Boart Longyear Board of Directors bring a wealth of experience from a diverse group of industries and are tasked to grow and lead the business into the future.
Mr O’Brien was appointed President and Chief Executive Officer on 1 April 2013. He brings over 25 years of operational, financial and leadership experience from the natural resources, energy and power industries. He was employed in various capacities between 2005 and March 2013 by NYSE-listed Newmont Mining Corporation, serving as President and CEO since 2007 and Executive Vice President and Chief Financial Officer prior to that time. Before Newmont Mining, Mr O’Brien‘s executive roles included Chief Financial Officer of US-based natural gas utility company AGL Resources and Chief Operating Officer and Chief Financial Officer at PacifiCorp, an electric power company.
Mr O’Brien holds a Bachelor of Arts in economics from the University of Chicago and a Doctor of Jurisprudence degree from Lewis and Clark Law School. He has been a director of Xcel Energy Inc. since August 2012 and a director of Vulcan Materials Company since October 2008.
Marcus Randolph was appointed a Director of the Company on 23 February 2015, where he will serve as its new 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 Organization 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.
Bruce Brook was appointed a Director of the Company on 21 February 2007. He is Chairman of the Audit, Compliance and Risk Committee and a member of the Environment, Health and Safety Committee.
Mr Brook currently is Chairman of the Board of Programmed Group and a director of CSL Limited, the Export Finance and Insurance Corporation, the Deep Exploration Technologies Co-operative Research Centre and Newmont Mining Corporation (New York Stock Exchange). Mr Brook is also a member of the Audit Committee of the Salvation Army (Southern Territory).
Mr Brook was the Chief Financial Officer of WMC Resources Ltd from 2002 to 2005 and has approximately 30 years of experience in various management roles, including Deputy Chief Financial Officer of ANZ Banking Group Limited, Group Chief Accountant of Pacific Dunlop Limited, General Manager, Group Accounting at CRA Limited and General Manager, Accounting and Services at Pasminco Limited.
Mr Brook gained his B. Comm and B. Accounting at the University of Witwatersrand and is a fellow of the Institute of Chartered Accountants in Australia.
Bret Clayton was appointed a Director of the Company on 23 February 2015. Mr Clayton joins us after a distinguished career at Rio Tinto, where he worked for 20 years and served on the Executive Committee for seven years. He joined the 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 nonexecutive 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 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.
W. Peter Day
W. Peter Day was appointed a Director on 25 February 2014. Mr Day is a non-executive director and is a member of the Audit, Compliance and Risk Committee. Mr Day’s professional career includes senior executive roles in finance and general management in mining, manufacturing, food and financial services industries at companies including Bonlac Foods, Rio Tinto, CRA Limited and Comalco. He was Chief Financial Officer for Amcor for seven years until 2007.
Mr Day is a former Chairman of the Australian Accounting Standards Board and was Deputy Chairman of the Australian Securities & Investments Commission. He currently is a non-executive director of several ASX-listed companies, including Alumina, Ansell and SAI Global and is a member of the Takeovers Panel. He also participates in a number of public interest activities.
Mr Day’s educational background includes a Bachelor of Laws LLB (Hons) from Queen Victoria University in Manchester, England, and a Master of Administration from Monash University in Melbourne. He holds dual nationality in Australia and the United Kingdom and resides in Victoria.
Tanya Fratto was appointed a Director of the Company on 1 June 2011 and is a member of the Environmental, Health and Safety Committee and the Remuneration and Nominations Committee.
Ms Fratto most recently served as President and Chief Executive Officer of Diamond Innovations, the world’s leading supplier of manufactured diamond, cubic boron nitride (CBN), and polycrystalline products, from 2004 to April 2011. Ms Fratto also was an officer of the General Electric Company and held a number of leadership positions over more than 20 years there, including in general management, operations, sourcing, product management and marketing.
Ms Fratto received her BS in Electrical Engineering from the University of South Alabama.
Jonathan Lewinsohn was appointed a Director of the Company on 23 October 2014. Mr Lewinsohn is a Partner at Centerbridge Partners, LP. The firm manages approximately $25 billion of assets with a focus on credit, special situations, and private equity.
Prior to joining Centerbridge, Mr Lewinsohn was Head of Research and a permanent member of the Investment Committee at Anchorage Capital Group. He was previously a law clerk to Judge Richard A. Posner of the US Court of Appeals and began his career at Morgan Stanley in the Mergers & Acquisitions Group.
Mr Lewinsohn received his JD from Yale Law School, where he was an editor of the Yale Law Journal, and his BA, summa cum laude, from Cornell University’s College of Arts and Sciences as a Merrill Presidential Scholar. He is a Term Member of the Council on Foreign Relations and a member of Economic Club of New York. He previously served on the board of Martinrea-Honsel BV.
David McLemore was appointed a Director on 21 February 2007 and became Chairman of the Board on 23 August 2010. He became Interim Chief Executive Officer of the Company on 3 October 2012, contemporaneously with the cessation of Mr Kipp’s employment, and served in that additional capacity until 31 March 2013. Mr McLemore has resigned as Chairman of the Board effective 1 March 2013, but otherwise will remain on the Board.
Mr McLemore is a member of the Remuneration and Nominations Committee and served as the Chairman of the Committee during part of the financial year, having held the chairmanship from 22 March 2010 until resigning the post on 1 March 2012.
Mr McLemore has more than 35 years of industrial and broad operational experience. He has held a number of positions with various Advent International portfolio companies for more than 15 years and was involved with Advent International’s acquisition of the Boart Longyear Group from Anglo American plc. in 2005. Mr McLemore served at various times as Chairman, Deputy Chairman and Vice Chairman of the Boart Longyear Group from 2005 until 2007. He also served as a general manager of a General Electric Power Systems division from 1985 to 1997.
Mr McLemore received his BS from Oklahoma State University.
Rex McLennan was appointed a Director of the Company 24 August 2013.
Mr McLennan is a non-executive director and chairs the audit committee for Endeavour Silver Corporation (Toronto Stock Exchange and New York Stock Exchange).
Mr McLennan is a seasoned financial executive with over 30 years of progressive leadership experience in large, complex, multinational resource based companies where his responsibilities have included financial planning, administration and reporting, treasury operations, enterprise risk management, investor relations, internal audit, IT Systems and taxation functions.
For the past five years Mr McLennan served as Chief Financial Officer of Viterra Inc. (VT:TSX), a leading global agricultural products company primarily involved in the distribution, marketing and processing of grain and oilseeds with annual sales of over $11 billion, market capitalization of about $6 billion and over eight thousand employees worldwide. Viterra was acquired in December 2012 by Glencore International, and Mr Mclennan completed his role as CFO at that time.
Mr Mclennan 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. His professional career also includes senior executive finance roles in the resources and other industries, including serving as Executive Vice President and Chief Financial Officer for major gold producer Placer Dome, Inc. prior to its acquisition by Barrick Gold Company. He subsequently held the same role with the Vancouver Organizing Committee (VANOC) for the 2010 Olympic Winter Games where he led and successfully completed the development of the 2010 games operations budget, risk management and related financial functions.
Mr McLennan holds a 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 Financial Executives International (FEI) and the Institute of Corporate Directors (ICD) as a recent graduate of the Director’s Education Program, University of Toronto, Rotman School of Business.
Conor Tochilin was appointed a Director of the Company on 18 December 2014. Mr Tochilin is a Principal at Centerbridge Partners, LP. The firm manages approximately $25 billion of assets with a focus on credit, special situations, and private equity.
Prior to joining Centerbridge, 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.