Woodside Petroleum (ASX:WPL) - Outgoing CFO, Sherry Duhe (middle)
Outgoing CFO, Sherry Duhe (middle)
Source: Woodside/Twitter
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Woodside Petroleum’s (WPL) CFO Sherry Duhe has jumped ship and taken up a new role at fellow ASX 50-lister Newcrest Mining (NCM)
  • The energy giant announced her resignation after four years with the company on Tuesday, wishing her luck with the new role at Newcrest
  • Ms Duhe has been appointed the new Chief Financial Officer for the gold producer Newcrest, replacing the outgoing Gerard Bond
  • She’ll start the new gig at Newcrest early next year and has a background working for large-scale mining and energy companies, including Shell and ExxonMobil
  • WPL shares are down 0.33 per cent at $22.43, while Newcrest is down 0.9 per cent at $25.21

Woodside Petroleum’s (WPL) CFO has jumped ship and taken up a new role at fellow ASX-lister Newcrest Mining (NCM).

The energy giant announced on Tuesday morning that Sherry Duhe had resigned from the company after four years.

Ms Duhe will instead head to Newcrest as the gold producer’s new Chief Financial Officer, replacing the outgoing Gerard Bond.

It’s expected Ms Duhe will start the new gig at Newcrest early next year, with current Group Treasurer Kim Kerr to take on the acting CFO role until then.

Commenting on her departure, Woodside CEO Meg O’Neill said she was thankful to have worked with Ms Duhe and wished her luck.

“Sherry’s financial and commercial stewardship of Woodside over the last four years has been integral to continuing Woodside’s success,” she said.

“Over this time she has maintained a strong balance sheet which has provided Woodside’s resilience in challenging trading circumstances.

“Sherry’s passionate leadership has been central to delivering the financial and commercial architecture for our proposed merger with BHP’s petroleum business and the Scarborough development.”

Before Woodside, Ms Duhe had worked at other large-scale energy and mining companies including Shell, ExxonMobil, Duke Energy and J.M Huber Corporation.

Newcrest Managing Director and CEO Sandeep Biswas said her appointment to the gold producer was most welcome.

“I am delighted that we have been able to attract such a high calibre Chief Financial Officer to the Newcrest team to join in the exciting journey the company is on,” he said.

Woodside will begin looking for Ms Duhe’s replacement immediately, stating the role will continue to be based in Australia.

WPL shares were trading down 0.33 per cent at $22.43 each, while Newcrest was down 0.9 per cent at $25.21 per share at 2:37 pm AEDT on Tuesday, November 16.

WPL by the numbers
More From The Market Herald
Carsales (ASX:CAR) - Managing Director and CEO, Cameron McIntyre

" Carsales.com (ASX:CAR) raises $842m for Trader Interactive acquisition

Carsales.com (ASX:CAR) has raised $842 million from its institutional entitlement offer to help fund its acquisition…
The Market Herald Video

" Pilbara Minerals (ASX:PLS) set to increase production at Pilgangoora

Pilbara Minerals (ASX:PLS) is set to increase spodumene production at its Pilgangoora operation to 680,000 dry…
The Market Herald Video

" Liontown Resources (ASX:LTR) lands offtake agreement with Ford, reaches FID decision

Liontown Resources (ASX:LTR) has executed a binding offtake agreement and funding facility with global automaker, Ford.
The Market Herald Video

" Northern Star Resources (ASX:NST) looks to expand Kalgoorlie Super Pit

Gold miners Northern Star Resources (ASX:NST) flags potential to spend up to $1.4 billion to expand…