Boart Longyear Annual Report 2012

Mr Olsen was appointed President and Chief Executive Officer on March 1, 2016 after serving as Chief Financial Officer since 2014. Before joining Boart Longyear, he served as Chief Commercial Officer for Rio Tinto’s Iron & Titanium business since 2010. Prior to that time, he was Chief Financial Officer for Rio Tinto’s Borax and Minerals divisions for approximately eight years, and held other financial roles at Rio Tinto for another six years earlier in his career. Mr. Olsen’s experience also includes financial roles at General Chemical Corporation and Xerox Corporation in the United States.

Mr Olsen holds a Bachelor of Arts from the University of Utah and a Masters of Business from the Simon School of Business at the University of Rochester.

Mr Baker was appointed Senior Vice President, Human Resources in 2008. Prior to joining Boart Longyear he worked for Milacron Inc. in Cincinnati, Ohio for 17 years in a variety of operational, divisional and global human resources roles including: Vice President of Human Resources, Director of Human Resources, North America, Director of Human Resources for the Plastics Technologies Group and leading the human resources and leadership integration of multiple acquisitions including the Michigan-based consumable tooling manufacturer, Valenite Inc.

Mr Baker received his Bachelor of Science in Business Administration from Bowling Green State University and his Masters degree in Business Administration from Xavier University.

Mr Hoots was appointed Senior Vice President of Global Products in January 2013 in addition to his responsibilities of Global Supply Chain and IT, which he took over in July of 2012. He joined Boart Longyear in April 2007 as Vice President – Asia Pacific located in Adelaide, Australia. Prior to joining Boart Longyear, Mr Hoots was employed by General Electric for over 20 years where he held various positions of increasing responsibility in both the Aviation and Energy divisions including Sourcing Director for GE’s Power Generation Operations, Asia Sourcing Director, Customer Quality Leader for GE Energy, and Quality Director for GE Energy’s European Operations. In addition, he has held several international positions including assignments in Dubai, United Arab Emirates, Belfort, France and Shanghai, China.

Mr Hoots is a graduate of GE’s Manufacturing Management Program and received his Bachelor of Science in Industrial Engineering from North Carolina State University and his Masters degree in Mechanical Engineering from the University of Cincinnati.

Mr Rasetti was appointed Senior Vice President, General Counsel and Secretary in 2006. Prior to joining Boart Longyear, he was a Segment General Counsel and Segment Vice-President for Business Development for NYSE-listed SPX Corporation and served in various other management roles during his nine years there. Prior to SPX Corporation, Mr Rasetti worked in the private law firms of Howrey & Simon and Towey & Associates in Washington, DC, USA.

Mr Rasetti received his Bachelor of Science in Foreign Service and Juris Doctorate from Georgetown University.

Mr Kirkey was appointed Vice President, Global Operations – Drilling Services in September 2015. Mr Kirkey has over 35 years in the mining industry with extensive global experience in operations, commercial and P&L in both the mining and exploration businesses. After starting as a driller in 1988, Mr Kirkey has progressed through several General Management and Regional Management roles for Boart Longyear’s Drilling Services across the Americas and EMEA.

Terry has a Graduate Diploma in Management and a Bachelor’s Degree in Business Administration from Athabasca University.

Mr Irwin was appointed Vice President – Commercial for Drilling Services on January 18, 2016. Mark has extensive global mining and industrial experience from his 11 years with BHP Billiton and most recently, three years with Transfield Services. He has lived and worked in a number of the countries in which we operate in various capacities including procurement, strategic and business development, acquisition integration, as well as having profit and loss accountabilities. He also spent 10 years as a lawyer and general counsel focusing on corporate contracts and commercial transactions. Mark has a law degree from Queensland University of Technology and a Masters of Business Administration (MBA) from RMIT University in Melbourne.