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Australia’s largest listed gold producer Newcrest Mining Limited (ASX:NCM) announced a new executive committee yesterday before the gold price hit a four month high overnight.

 

The company’s new CEO, Sandeep Biswas, has appointed Phil Stephenson as General Manager safety, environment and security. Gerard Bond will remain as Chief Financial Officer and David Woodall will stay in control of international operations.
 

The news comes as the gold price jumped $14.90 to $US1,339 an ounce after the Newcrest share price rose 3.59 per cent yesterday to $1.24 at close yesterday.
 

Newcrest reported a net profit to $44 million in the first half of the 2014 financial year.