Newcrest Mining Limited announced that Managing Director and Chief Executive Officer (CEO) Sandeep Biswas is retiring. Newcrest's Chief Financial Officer (CFO) Sherry Duhe will assume the role of Interim CEO, effective 19 December 2022. Sherry joined Newcrest in February 2022, bringing with her nearly three decades of experience across global energy and resource companies.

She is a seasoned executive leader, having served as Chief Financial Officer at two ASX-listed companies. Newcrest Chairman Peter Tomsett thanked Sandeep for his dedication and contribution since 2014, and for advising the Board of his intention to retire. Sandeep will remain available in an advisory capacity during the CEO transition period, ahead of his retirement on 18 March 2023.

His retirement as Managing Director takes effect as of 18 December 2022. A global internal and external search for a new CEO is underway, supported by executive search firm Russell Reynolds, with an appointment expected to be made next year. In line with the company's executive succession planning, this process has been ongoing for some months and included conversations with Sandeep.