Orica appoints new Chairman, Russell Caplan

MELBOURNE, AUSTRALIA: Peter Duncan will retire from Orica at the next Annual General meeting in January 2014. Russell Caplan has been elected to succeed Duncan as Chairman of Orica Limited with effect from the same date. Orica also announced the appointment of Maxine Brenner as non-executive Director, effective 8 April 2013.

Caplan is currently a non-executive Director of Aurizon Limited (formerly QR National Limited), Chairman of The Melbourne & Olympic Parks Trust and Chairman of CRC CARE Limited. Brenner is a non-executive director of Growthpoint Properties Australia and a Managing Director, Investment Banking at Investec Bank (Australia) Limited. She is a former member of the Takeovers Panel and Deputy Chair of Federal Airports Corporation.

“With more than five years on the Orica Board and four decades working in senior positions throughout the world, Caplan brings to the position both a wealth of experience and a deep knowledge of the company. Brenner brings a depth of knowledge and experience that will be of great value to Orica,” said Duncan.

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