Cochrane to succeed O'Connor as Ausdrill chair

Ausdrill's long-serving chairman, Terry O'Connor, has announced he is handing over the reins to his deputy Ian Cochrane later this year, putting to rest a 24-year career with the mining services business.

Perth-based Ausdrill said Mr O’Connor would step down from his duties at the company’s upcoming board meeting in early December, at which point Mr Cochrane, who joined the company in late 2015, would step into the role.

“Terry has been an outstanding leader of our company for over two decades and has seen the Ausdrill group through some very challenging times as well as periods of growth and change,” managing director Ron Sayers said.

“He has made an enormous contribution at many levels and, on behalf of the Ausdrill board and staff, we wish to thank him for his efforts over the years.”

Ausdrill shares were 0.4 per cent lower to $2.20 each at the close.