The Board of Perenti Limited is pleased to announce that Dr Vanessa Torres will succeed Mark Norwell as the Managing Director & CEO of Perenti, in line with the transition process outlined to shareholders at the AGM in October last year.

Dr Torres recently held the role of Chief Operating Officer at South32 and has more than 25 years’ experience in senior leadership roles across the global resources industry, and a proven track record in driving growth and business transformation in complex global operations and building high performing teams.

Dr Torres joined South32 in 2018 and held senior roles including Chief Technology Officer, Chief Technical Officer and Chief Operating Officer. Prior to joining South32, she spent 11 years at BHP in a range of senior executive roles in strategy and operations and held senior leadership roles at Vale in South and North America.

Dr Torres’s appointment follows an extensive search process led by the non-Executive Directors of the Perenti Board in partnership with a leading global executive search firm. Throughout the process, the Board focused on appointing a leader who can build on the foundations and significant growth delivered under Mr Norwell’s leadership and support the continued development of a fully diversified portfolio of businesses to drive sustainable long term growth.

Chair of the Perenti Board, Diane Smith-Gander AO said the Board’s decision was based on a rigorous recruitment process involving exceptional internal and external candidates with a focus on supporting our long-term growth ambitions.

“I would first like to acknowledge Mark’s significant contribution to Perenti. Under his leadership, Perenti has delivered more than a four‑fold revenue growth since he commenced in 2018 and achieved material improvements across all key financial metrics. His genuine care for people has been a hallmark of his leadership, driving a strong focus on developing our people and progressing our journey to create safe and respectful workplaces.

“On behalf of the Board and the entire Perenti workforce, I would like to thank Mark for his leadership in the transformation of Perenti and for his continued support through the transition. “I am delighted to welcome Vanessa to Perenti as the new Managing Director & CEO.

“Vanessa is a highly accomplished executive with extensive operational and leadership experience across global mining operations, and she brings the ideal combination of strategic capability, operational excellence, industry insight and people focused leadership to the role. The Board believes Vanessa is the right successor for Mark and is confident her leadership will build on Perenti’s strong foundations, drive our strategy forward and support the Company’s next phase of growth.”

Commenting on her appointment, Vanessa Torres said: “It is an honour to have been appointed as Perenti’s next Managing Director & CEO at such an exciting time for the business and in a pivotal moment for the mining industry. I look forward to working collaboratively with the Board and management team to continue the development and delivery of the Perenti strategy to create enduring value and certainty for our clients, people, communities and shareholders.” Dr Torres will commence with Perenti on 13 April 2026 and will be appointed as the Managing Director & CEO on 1 June 2026. Mr Norwell will remain with the Company to provide transition support to the Board and Executive through June and into FY27.