Perenti on the hunt for new CFO

Perenti has begun the search for a new chief financial…

Perenti has begun the search for a new chief financial officer (CFO) following the resignation of Peter Bryant.

Bryant joined Perenti in 2013, having started as the CFO of Perenti company Barminco. He is leaving Perenti to accept a CFO position at Perth Airport.

Over the next six months, Bryant will continue to serve as CFO and will assist in the search and transition process to a new CFO.

“Peter has been a valued and highly effective executive in our business for many years,” Perenti managing director and chief executive officer Mark Norwell said. “I have appreciated his counsel, contribution and support.

“We understand Peter’s desire to seek a new challenge after more than 11 years with Perenti and wish him all the best with Perth Airport.

“The search for a new CFO will begin immediately. Perenti has an outstanding finance team that Peter helped build, so we expect to have strong internal candidates for the role, along with external candidates.”

During his time with Perenti, Bryant has overseen the financial aspects of several transformational changes in the business, including the merger of Barminco and Ausdrill in 2018, the acquisition of DDH1 in 2023 and the recent successful bond issue.

Bryant’s departure comes off the back of a record financial year for the company, where it announced a $1.6 billion revenue for the first half of the 2023–24 financial year (H1 FY24).

Perenti said the acquisition of DDH1 was a key contributor to the record. DDH1provides specialised deep hole multi-intersectional directional diamond core drilling services across Australia.

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