Woodside loses CFO amid BHP Petroleum merger
Woodside Petroleum has lost its CFO Sherry Duhe to Newcrest Mining.
Woodside Petroleum’s chief financial officer has quit midway through the gas producer’s $40bn merger with BHP Petroleum amid a broader move by chief executive Meg O’Neill to restructure the company.
Sherry Duhe, who will join Newcrest Mining in the same role, will leave in 2022 with a crucial final investment decision still pending on the $16bn Scarborough gas project and Pluto LNG expansion.
A share sale agreement and integration contract for the merger with BHP’s petroleum arm is expected in November. Several hundred jobs are under threat at Woodside’s Perth headquarters as part of a broader plan to remove nearly a third of business costs. Ms Duhe will replace Gerard Bond at Newcrest and will be based in Melbourne.
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