Incitec Pivot CEO Jeanne Johns is stepping down as managing director and CEO of the company after 5.5 years at the helm.
The ASX-listed explosives, fertiliser and chemicals company has made CFO Paul Victor interim CEO. Johns will continue to work with the board until the end of this month. Incitec Pivot has started a “comprehensive search process” for a permanent CEO.
Liza Somers is interim CFO.
IPL chairman Brian Kruger said Johns was leaving Incitec Pivot in a “very strong financial position and with a solid platform for future growth”.
“Jeanne led the organisation through the very challenging COVID-19 pandemic and has been instrumental in developing our decarbonisation strategy that has received the strong support of our shareholders,” Kruger said.
“Jeanne has also led some significant transactions that will create long-term value for our shareholders, including the urea offtake agreement with Perdaman and the recently announced sale of the Waggaman ammonia manufacturing facility in Lousianna, USA.”
Incitec Pivot’s share price was stable in early trade today after dipping nearly 4% in the past month.
The company’s current market value is about A$5.95 billion.