Newcrest Finds Gold with New CFO

Woodside has announced the resignation of its Chief Financial Officer, Ms Sherry Duhe, to pursue a career opportunity with Newcrest Mining Ltd. Sherry will replace Gerard Bond, who has decided to leave Newcrest after 10 years in the role of Finance Director and Chief Financial Officer in early 2022.

Woodside CEO Meg O’Neill noted the significant contribution Ms Duhe has made since joining Woodside in late 2017.

“Sherry’s financial and commercial stewardship of Woodside over the last four years has been integral to continuing Woodside’s success. 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. “We wish Sherry all the best in her future endeavours,” she said.

Ms Duhe has extensive finance and leadership experience across a range of global organisations, including the past four years as Chief Financial Officer and Executive Vice President at Woodside Energy. Prior to this, Ms Duhe held a range of senior international roles across the energy and resources sectors, including at Shell Exploration & Production, Royal Dutch Shell, ExxonMobil, Duke Energy and J.M Huber Corporation.

With demonstrated capabilities across accounting and reporting, tax, mergers and acquisitions, procurement and investor relations, Ms Duhe brings a wealth of experience to Newcrest Mining in driving commercial value, leading business and functional transformation, productivity and business performance.

Ms Duhe is a Certified Public Accountant and holds a Bachelor of Science in Accounting from the LouisianaState University and an International Masters of Business Administration from the University of South Carolina. Her appointment follows a thorough global executive search.

“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,” said Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas.

“Sherry has extensive international experience across capital intensive and complex industries and is also a proven Top 20 ASX-listed company CFO who will bring her extensive financial expertise and leadership skills to Newcrest as we execute our growth strategy.”

“I would like to thank Gerard Bond for 10 years of exceptional service at Newcrest and am very appreciative of his involvement in ensuring smooth transition arrangements,” said Mr Biswas.

Ms Duhe will join Newcrest in early 2022 and will be based in Melbourne. Current Group Treasurer Kim Ker will be Acting Chief Financial Officer from 9 December 2021 to coincide with planned leave being taken by Mr Bond. Ms Kerr is a senior finance executive with more than 15 years’ experience at Newcrest, including nearly five years as Group Treasurer

Ms Duhe will remain with Woodside into Q1 2022 to ensure a smooth transition of her key responsibilities. The process to identify Ms Duhe’s successor is underway, with the role continuing to be based in Australia.