Orica Ltd. has announced that Peter Duncan will retire as chairman of the board at the next annual general meeting in January 2014. Russell Caplan has been elected to succeed him at that time. Orica also announced the appointment of Maxine Brenner as non-executive director, effective April 8, 2013.
Caplan is currently a non-executive director of Aurizon Ltd. (formerly QR National Ltd.), chairman of The Melbourne & Olympic Parks Trust, and chairman of CRC CARE Ltd. He was previously chairman of the Shell Group of Companies in Australia and a non-executive director of Woodside Petroleum Ltd.
Brenner is a non-executive director of Growthpoint Properties Australia and a managing director of Investment Banking at Investec Bank (Australia) Ltd. She is a former member of the Takeovers Panel and Deputy Chair of Federal Airports Corp.