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Boart Longyear CEO steps down

Boart Longyear president and CEO Richard O’Brien has announced his resignation as the drilling major reported a US$152.4 million net loss in the six months to June 30, a 7% larger net loss than the same period in 2014.

O’Brien will continue to provide day-to-day leadership and oversight until a final departure date is agreed, Boart Longyear said.