MI6 – Minerals 260 | Aussie Stock Forums

“It has been very gratifying watching so many people move onto fantastic and more senior roles. It’s a credit to the people who made up OZ Minerals,” former CEO Andrew Cole says. Five members of Cole’s senior leadership team have been appointed chief executives elsewhere since the close of the $9.6 billion deal in May..

.
…the new chief executives say Cole was notable for his willingness to delegate decision-making responsibilities to his senior executives.

Luke McFadyen reckons that was an admirable trait that ensured the organisation didn’t grind to a halt every time approval was required from the top boss, and he hopes to install a similar culture at Minerals 260.

“I think that is why OZ was able to move so quickly on so many things because we understood who was going to make the decisions,” he says.

“You just had smart people making smart decisions, and when they stuffed up, like everyone does, there wasn’t a culture of criticising the hell out of you and moving you on.

“It was a case of ‘What did you learn? Let’s do something better next time’.”

McFadyen says he also wants to carry on the OZ culture of treating risk as an opportunity. “Miners are notoriously conservative and over-engineer everything, but looking at everything through a lens of opportunity rather than a lens of risk means you see things differently, and you are willing to back yourself and back your teams,” he adds.
.
since listing: