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.
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.
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. 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.
Gretchen W. McClain
Gretchen W. McClain has more than 25 years of global experience in both Fortune 500 corporations and government service, including serving as founding CEO of an S&P 500 global water technology company, Xylem Inc., and NASA’s Chief Director of the International Space Station, McClain brings extensive business, developmental, strategic and technical expertise. Her distinctive leadership approach – focused on helping companies break down internal barriers to identify new ways to create value and integrate technologies – enables organizations to unlock growth and gain critical competitive advantage.
McClain is actively involved in advocating for, and shaping the debate within, the technology, water and environmental spheres. She serves as a member of United Technologies Corporation (UTC) Innovation Advisory Council; University of Utah College of Engineering National Advisory Council; the Environment and Water Technologies International Advisory Panel (EWT IAP) for Singapore’s Public Utilities Board (PUB); and the America’s Water Steering committee at the Columbia Water Center, part of the Earth Institute at Columbia University.
She graduated from the University of Utah with a Bachelor of Science in Mechanical Engineering and received the University’s prestigious Founders Award in 2015.
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.
Mr. Waxman is a Senior Advisor within the Ares Private Equity Group. Mr. Waxman works on both the acquisition and disposition of ACOF portfolio assets and assists portfolio companies in dealing with a range of significant legal issues including corporate governance, regulatory inquiries, and litigation. Prior to joining Ares in 2016, he was a Partner at Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, where he practiced for more than 30 years. Mr. Waxman holds a B.A. from the University of California Los Angeles in Economics and a J.D. from The University of California Davis School of Law.