Board of Directors
The Boart Longyear Board of Directors bring a wealth of diverse experience from the mining sector and other industries, and are tasked to grow and lead the business into the future.
Mr. McArthur was appointed a Director of the Company on September 1, 2019, where he serves as its new Chair. Mr. McArthur brings more than 35-years’ experience in the global mining industry and over 20 years in CEO and Director positions. Most recently he held roles as the Founder, President and CEO of Tahoe Resources Inc. and prior to that was the President and CEO of Goldcorp Inc.
He also held several other senior executive roles, including Director of Pan American Silver and Royal Gold, Director of Cloud Peak Energy and Consolidated Thompson Iron Ore Company, and Emeritus Director of University of Nevada Foundation. His earlier career includes Chief Engineer, Group Mining Engineer, and Senior Mining Engineer at BP Minerals, North America. Mr. McArthur is a graduate of the University of Nevada where he received a Bachelor of Mining Engineering.
Mr. Olsen was appointed President and Chief Executive Officer on March 1, 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 for another six years earlier in his career. 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 Masters of Business from the Simon School of Business at the University of Rochester.
Mr. Burt’s career includes more than 30 years’ experience in the global mining and finance industries in both executive management roles and serving on several boards. From 2005 to 2012 Mr. Burt held the role of President and CEO of Kinross Gold Corporation. Prior to joining Kinross Gold, Mr. Burt held the position of Vice Chairman and Executive Director of Corporate Development at Barrick Gold Corporation. Other previous positions include: Chairman, Deutsche Bank Canada and Deutsche Bank Securities Canada; global managing Director, global metals and mining for Deutsche Bank AG; and Managing Director and Co-head of the global mining group at BMO Nesbitt Burns.
Mr. Burt is a graduate of Osgoode Hall Law School in Toronto and a member of the Law Society of Ontario. He holds a Bachelor of Arts from the University of Guelph.
Mr. Cruz is a Senior Managing Director at Centerbridge Partners, L.P., the Company’s largest shareholder and investor. Prior to joining Centerbridge in 2007, he served as Vice President at Diamond Castle Holdings, a private equity firm founded by former senior professionals of DLJ Merchant Banking (DLJMB). Previously, he worked as an Associate at DLJMB and J.W. Childs Associates, a Boston-based private equity firm. He began his career as an analyst in the Mergers and Acquisitions department of Goldman Sachs. He currently serves on the Board of Directors of Aquilex Holdings LLC, Patriot Container Corporation, Penhall Holding Company, Seitel Holdings, Inc., Stallion Oilfield Services Holdings, Inc., and Industrial Container Services, Inc.
Mr. Cruz received a B.B.A., with high distinction, from the University of Michigan and was elected to Phi Beta Kappa. He holds an M.B.A., with distinction, from the Wharton School of the University of Pennsylvania, where he was a Palmer Scholar.
Mr. Ireland is the Head of McGrathNicol’s Advisory business and is based in Sydney, Australia. He has over 24 years of experience in strategic reviews and implementation of performance improvement and restructuring initiatives across a range of industries. In the past five years, he has spent considerable time in the mining services sector, advising boards and financiers on operations in key mining regions around the world. Prior to joining McGrathNicol in 2006, Mr. Ireland was a Senior Manager at KPMG.
Mr. Ireland holds a Bachelor of Business from Charles Sturt University and is a member of the Institute of Chartered Accountants in Australia.
Mr. Kern has served as Managing partner of Majestic Ventures 1 LLC, a consulting and investment partnership focused on early stage growth companies since 2014. In addition, he currently serves on the boards of THL Credit Inc. (NASDAQ), a middle market lending company, PlaySight Interactive, an Israeli based sports data analytics business, and Basic Energy Services (NYSE), an oilfield services company.
From 2010 to 2014, James was a Managing Director at Nomura Securities, serving as Head of Global Finance FIG and Specialty Finance Investment Banking for the Americas. He previously served as a Managing Director at J.P. Morgan Securities within the FIG practice focused on Asset Management and Specialty Finance clients. From 1994-2008, James was a Senior Managing Director at Bear Stearns where he held several positions including Head of Strategic Finance-FIG, Head of Corporate Derivatives and was a founding member of the firm's Structured Equity Products group. Mr. Kern has a B.S. from the Marshall School of Business at the University of Southern California.
Mr. Smith is a Partner of McGrathNicol. He is based in Melbourne, Australia and specializes in business restructuring and performance improvement and has led numerous complex assignments often involving prominently listed entities and/or multi-lender banking syndicates. Smith’s experience covers a wide variety of industries, including mining and mining services, energy, power and utilities, manufacturing, retail, media, information technology and financial services. Prior to joining McGrathNicol in 2009, Mr Smith was an Associate Director in EY’s Transactions and Assurance divisions. Mr. Smith began his career as an accountant with Arthur Andersen.
Mr. Smith is a Member of Chartered Accountants Australia and New Zealand, a Member of the Australian Institute of Company Directors and a Registered Liquidator. He holds a Bachelor of Commerce from the University of Melbourne and a Graduate Diploma in Applied Finance and Investment.
Mr. Wallman’s distinguished career includes senior executive roles in finance, as well as non-executive director roles at several large, publicly listed US companies. His executive experience includes serving as the Chief Financial Officer and Senior Vice President at Honeywell International, Inc. and its predecessor, AlliedSignal, from 1995 until his retirement in 2003. He also has held senior financial positions with IBM Corporation and Chrysler Corporation and worked at Ford Motor Company earlier in his career. Mr. Wallman is currently a non-executive director of Roper Technologies, Inc, (NYSE), Convergys Corporation (NYSE), Charles River Laboratories International, Inc. (NYSE), Wright Medical Group, Inc. (NASDAQ) and Extended Stay America, Inc. (NYSE).
Mr Wallman holds a Master of Business Administration from the University of Chicago’s Booth School of Business with concentrations in Finance and Accounting and a Bachelor of Science degree in Electrical Engineering from Vanderbilt University.