Calderon appointed CEO of Orica

Alberto Calderon has been named CEO of $8 billion explosives
maker Orica, after serving as interim CEO since March.

AAP reports that Calderon, a former senior executive
at BHP Billiton, stepped in as acting CEO following the abrupt exit of Ian
Smith.

The company’s board let Smith go following an outburst at Orica’s head of investor relations.

In an apparent reference to this, Calderon said in a
statement that he would “ensure a culture of respect, collaboration and performance.”

He also explained, “My focus will be on ensuring the execution of
Orica’s strategy as we continue on the path to being a simpler, more flexible
and efficient company, and a partner of choice for our customers globally.”

He has been appointed on a rolling contract, with no fixed term, with a fixed salary of $1.8 million plus incentives.

Image: Bloomberg

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