Australia's Incitec Pivot names new chief executive (updated)

Dyno Nobel

11/12/2023 22:36

(Adds details in paragraphs 2-5, background in paragraph 6)
       Dec 12 (Reuters) - Incitec Pivot  IPL.AX  said on
Tuesday Mauro Neves de Moraes will join the Australian
fertilizer maker as its chief executive officer and managing
director, effective Jan. 22, 2024. 
    He will take over from interim CEO Paul Victor, who took the
position after Jeanne Johns stepped down as chief executive and
managing director in June. 
    Mauro Neves has held several roles in the resources and
logistics sector in the last 30 years. 
    He joined BHP Group  BHP.AX  in 2017 as asset president for
the company's Escondida mine in Chile and was appointed as asset
president for BHP Mitsubishi Alliance in Queensland in 2021. 
    Victor will resume his role as Incitec's finance chief, the
company said. 
    The company has been facing resistance from investors over
its intentions to de-merge Dyno Nobel, its explosives
manufacturing division, through a separate listing.
    

 (Reporting by Adwitiya Srivastava in Bengaluru; Editing by
Krishna Chandra Eluri and Shinjini Ganguli)
 ((Adwitiya.Srivastava@thomsonreuters.com;))