Join our daily newsletter At The Bell to receive exclusive market insights
- Current CSL (CSL) Chief Financial Officer (CFO) David Lamont will return to BHP (BHP) after announcing his retirement from the medical biotech giant
- David will leave CSL on October 30 and join BHP from December 1
- He joined CSL in January 2016 and oversaw the transformation of the company’s finances
- David was with BHP from 2001 to 2006 as CFO of its Carbon Steel Materials and Energy Coal Business
- Both CSL and BHP are both up this morning, with shares trading $287.31 each and $36.30 each respectively
Current CSL (CSL) Chief Financial Officer (CFO) David Lamont will return to BHP (BHP) after announcing his retirement from the medical biotech giant.
David will leave CSL on October 30 and will join BHP from December 1 with the current CFO Peter Beaven to continue until then to provide ongoing leadership.
He joined the company in January 2016 and oversaw the transformation of its finances. He was also influential in reshaping the company’s resource planning.
“David has been an integral part of the success of CSL over the last four years and has been a key member of the company’s global leadership team,” CEO Paul Perreault said.
“We will all miss his contribution to CSL and together with the Board of Directors I wish David every success in his new role,” he added.
Before joining CSL, David was CFO and Executive Director of MMG, OZ Minerals, PaperlinX, and Incitec Pivot.
From 2001 to 2006, he held senior roles at BHP and was CFO of its Carbon Steel Materials and Energy Coal businesses.
“David has built a strong track record of financial management with publicly traded multinational organisations over many years,” BHP CEO Mike Henry commented.
“He will bring broad global experience across a diverse range of industries, including mining, deep financial knowledge and a clear focus on delivering strong results for the company and shareholders,” he said.
“I want to thank Peter Beaven for both the significant contribution he has made to BHP and the support and friendship he has shown me over many years,” Mike added.
Both CSL and BHP are both up this morning, with shares trading 1.16 per cent higher for $287.31 each and 0.06 per cent higher for $36.30 each respectively.
