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AUSTRALIA - South32 (OTC:SOUHY) Limited (ASX / LSE / JSE:S32; ADR:SOUHY), a global mining and metals company, announced today that Matthew Daley will be appointed as Deputy Chief Executive Officer on February 2, 2026, and is set to take over as Chief Executive Officer later that year. Daley will succeed Graham Kerr, who has led the company since its inception.
Daley brings extensive industry experience to South32, joining from Anglo American (JO:AGLJ) plc where he serves as Technical and Operations Director. His career spans more than two decades in various leadership roles with companies like Glencore (OTC:GLNCY) and Xstrata.
The decision comes after a thorough global search for a suitable successor, evaluating both internal and external candidates. South32’s Chair, Karen Wood, highlighted Daley’s operational and leadership expertise, particularly in copper and the Americas, as key factors in his selection. Wood also commended Kerr for his decade-long leadership, particularly noting his role in establishing the company’s culture and strategic transformations.
Kerr expressed pride in his tenure at South32 and confidence that Daley will bring fresh leadership to continue the company’s transformation. Daley himself expressed enthusiasm for the opportunity, citing South32’s strong balance sheet and attractive commodity mix as a solid foundation for future growth.
The terms of Daley’s employment include a fixed remuneration of A$2,000,000 with additional benefits and incentives, subject to shareholder approval. He will also receive compensation for benefits forfeited from his previous role, including a cash payment and allocation of rights upon commencement.
The leadership transition is part of South32’s ongoing strategy, which includes a focus on safety performance and shifting the portfolio towards minerals and metals critical for the global energy transition. The company’s purpose is rooted in developing natural resources to improve lives and create sustainable legacies.
This announcement is based on a press release statement from South32 Limited.
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