Orica appoints interim CEO Alberto Calderon as permanent MD & CEO

Orica appoints interim CEO Alberto Calderon as permanent MD & CEO

9:56 AM, 19th May 2015
Orica appoints interim CEO Alberto Calderon as permanent MD & CEO
Alberto Calderon appointed as managing director and chief executive officer of Orica, effective immediately. (File photo).

MELBOURNE, AUSTRALIA: Mining company Orica Limited said it has appointed Alberto Calderon as managing director and chief executive officer, effective immediately. Calderon was appointed interim MD and CEO on 23 March while the board continued the international search process as part of succession planning that commenced last year.

Prior to Orica, Calderon was group executive and chief executive aluminium, nickel and corporate development at BHP Billiton from 2011 to 2013.

Calderon’s remuneration is fixed at A$1,800,000 per annum inclusive of superannuation contributions. He has been appointed on a rolling contract with no fixed term. His total remuneration has a higher proportion at risk, subject to him meeting short term and long term performance criteria, Orica said.

“Following an extensive and rigorous global search, the board is pleased to be able to appoint Alberto to the position. He has a deep understanding of our business and customers that ensures he is the natural fit to lead the continued implementation of Orica’s strategy,” said Russell Caplan, chairman, Orica.

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