Boart Longyear’s CFO leaving

Boart Longyear’s chief financial officer Joseph Raglan is leaving the drilling company.

No date has been set for his exit, the SMH reported.

In a statement this morning, the company said it was a joint decision. Raglan will remain at Boart Longyear to help his successor make a smooth transition.

“The board and I would like to thank Joe for his significant contributions to the business over the past several years,” chief executive Richard O’Brien said.

“Among his accomplishments, Joe has built a highly competent finance function that will continue to support the business effectively and deliver accurate and timely financial information to the capital markets.”

O’Brien was made chief executive in March and received a pay cut of about a third compared to the previous CEO.

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