News: Boart Longyear's CEO to leave

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Boart Longyear’s (ASX:BLY) Chief Financial officer Joseph Raglan will leave the drilling company.

 

The company says Mr Raglan will remain at Boart Longyear to assist with the transition to his successor. No date has been set for his departure.

 

The company says it remains committed to implementing a leaner, more sustainable cost structure.

 

Boart Longyear will give its quarterly market update at its annual general meeting in May.  

 

Boart Longyear’s full year net profit dropped 57.4 per cent to $65.6 million.