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Investing.com-- Australian miner South32 (OTC:SOUHY) Ltd (ASX:S32) said on Monday that it had named Matthew Daley as deputy CEO, and that Daley will replace long time CEO Graham Kerr when he steps down later in 2026.
South32’s shares jumped as much as 3% on the news, underpinning a 0.5% rise in the ASX 200. Parent BHP Group Ltd (ASX:BHP) shares also rose 2.2%.
Daley will join South32 from Anglo American (JO:AGLJ). He has also served in executive roles at Glencore (OTC:GLNCY) and other miners.
Kerr served as South32’s CEO since the company was spun out of mining giant BHP Group in 2015, and oversaw a steady increase in production, as the company benefited from increased aluminum demand from the green energy transition.
Kerr will remain with the company through the transition period to the new CEO, South32 said in a statement.
“From defining the company’s purpose, strategy and values, to transforming its portfolio and setting it up for long term success, I’m proud of all we have achieved since 2015,” Kerr said.