Russell Caplan named as next Orica chairman

 

 

Orica, the world’s largest explosives manufacturer has named Russell Caplan as its next chairman. He will replace the retiring Peter Duncan in January next year.

AAP reports that Caplan, currently the company’s non-executive director, is a director of Aurizon, chairman of the Melbourne and Olympic Parks Trust and chairman of CRC CARE.

He was previously chairman of Shell in Australia and a director of Woodside Petroleum.

“With more than five years on the Orica board and four decades working in senior positions throughout the world, Mr Caplan brings to the position both a wealth of experience and a deep knowledge of the company,” Duncan said.

Under the leadership of chief executive Ian Smith, Orica is currently undergoing restructuring and has announced plans for a land sale.

Earlier this year, there was an ammonia leak at the company’s Kooragang Island factory and, as a result, it has been aiming to improve its environmental record.

Director of Growthpoint Properties Australia Maxine Brenner has been appointed an Orica director, effective immediately. He is also managing director of investment banking at Investec Bank (Australia).