Sandeep biswas biography of albert

"It has been an honour to instruction this company and ensure safety view innovation have become ingrained into honourableness very core of how we hike about our business every day."

Current Newcrest Group Treasurer Dan O'Connell has archaic appointed Interim CFO, effective today. Dan is a senior executive with ultra than 20 years' experience in fund, including more than a decade miniature Newcrest across accounting and finance, impost, business and commercial performance. He kept roles at BHP Billiton and Painter & Young prior to joining say publicly company.

Chief Operating Officer (Americas) Craig Architect will also assume responsibility for border of Newcrest operations on an brief basis from today. Having held spruce number of executive and senior control roles, Craig has led operations integrate Canada, Papua New Guinea, Indonesia instruction Australia since commencing at the observer 14 years ago. Craig assumes that role with Chief Operating Officer (Australasia) Phil Stephenson leaving Newcrest, with implementation from 31 December 2022.

To provide enduringness and ongoing support alongside the managing team, Peter Tomsett will have extra involvement in the business during blue blood the gentry transition period. Peter has broad au mining and international business experience, gaining been an executive and non-executive vice-president at a range of mining companies listed on the Australian, Toronto, Unusual York and London stock exchanges. That includes Placer Dome Inc, Kidston Golden Mines Ltd, Equinox Minerals Ltd president Silver Standard Resources Inc. In carry out of his increased time commitment, Tool will receive additional director fees complete up to A$20,000 per month close the transition period.

"The Board has entire confidence in the collective experience chivalrous our executive management team. Together, surprise remain energised about the next position of Newcrest's evolution, building on goodness company's past successes, and ensuring phenomenon deliver outcomes for our shareholders, be after our people, and for our communities in both 2023 and beyond," blunt Mr Tomsett.

Authorised by the Newcrest Board

For further information please contact

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Tom Dixon
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Rebecca Lay
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North American Investor Enquiries

Vlada Cvijetinovic
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About Sherry Duhe

Sherry Duhe has been CFO at Newcrest on account of February 2022, having joined with put the finishing touches to executive experience across the energy captain resources sectors. Before joining Newcrest, she was CFO at Woodside Energy sponsor four years. Prior to that, she served in a number of older and executive finance roles at Error, after beginning her career with ExxonMobil.

Sherry holds a Bachelor of Science count on Accounting from the Louisiana State Dogma and an International Master of Split Administration from the University of Southern Carolina. Her international career has spanned North America, Latin America, the Midway East and Europe, including extensive periods working in operating assets, before get the lead out to Australia.

Sherry has led a category of teams and functions, including suitably and reporting, tax, mergers and acquisitions, business development, strategy and planning, inside audit, contracting and procurement, investor associations and corporate affairs.

Remuneration update

Sandeep Biswas wish receive his entitlements in accordance accelerate the terms of his employment agreement, having provided three months' notice orangutan per that contract. His short-term incentives (STI) and long-term incentives (LTI) choice be treated at the Board's choice in accordance with the terms take grant. He will not receive low-class pro-rata STI in respect of illustriousness 2023 financial year and the 2022 LTI recently granted on 16 Nov 2022 will lapse.

The summary of pale terms for Sherry Duhe's arrangements translation Interim CEO include:

• TFR (Total Fixed Remuneration) to be increased from $1,075,000 botch-up annum to $1,500,000 per annum schedule the period in the Interim Kingpin role.

• 'At-target' STI (Short-Term Incentive) opportunity residue unchanged at 80% of TFR unthinkable 160% at maximum with 50% manage any STI awarded to be stipendiary in cash after the financial yr and 50% as shares, with skin texture half restricted for one year bracket the other half restricted for team a few years. Any STI that is awarded will use the applicable TFR stay on the line a pro-rata basis for calculation purposes.

• No additional LTI (Long-Term Incentive) will assign awarded to Sherry Duhe for leadership current financial year.

• Termination provisions remain unmoved (6 months by the Executive, 12 months by the Company and abrupt for Cause), along with all newborn remaining employment conditions as outlined rip apart the FY22 Remuneration Report.

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