South32 Ltd has named former Anglo American executive Matthew Daley as its incoming deputy chief executive, with a transition to chief executive planned for 2026 upon the retirement of current CEO Graham Kerr.
The Perth-based diversified miner confirmed Daley’s remuneration package will include a base salary of A$2 million, with further incentives to apply.
Kerr has led South32 since its inception, having taken the helm when the company was demerged from BHP Group a decade ago.
Chair Karen Wood acknowledged Kerr’s decade-long leadership, stating: “As we embark on this leadership transition, I want to recognise the outstanding contribution Graham has made over a decade of service through the company’s demerger from BHP and the subsequent transformation of its portfolio. As inaugural CEO, Graham has been instrumental in establishing South32’s values-based culture, building a quality leadership team, and implementing our strategy, underpinned by a disciplined approach to capital allocation and cost management.”
Shares in South32 last traded at A$2.79.