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Orica Limited (ASX:ORI) has appointed non executive director Alberto Calderon as interim Managing Director and CEO from today.
Previously a Senior Executive with BHP Billiton, Mr Calderon takes over from Ian Smith who has agreed to depart Orica immediately. The company will continue its international search for a permanent boss.
Mr Smith has left the company under complaints of aggressive behaviour but rejects suggestions that he has been fired.
The company has been undergoing an organisation restructuring aimed at cutting costs in the face of lower commodity prices.
Orica reported a net profit of $602.5 million for the full year ended 30th September 2014.
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