Belinda Shaw has departed Boral in a shake-up to the cement manufacturer’s senior management positions.
Shaw, who was appointed as Chief Financial Officer (CFO) in January 2023, said the decision came after “considerable reflection”.
“I have made a decision that is in the best interest of my young family,” she said.
“I am proud of my contribution to Boral and am grateful to Vik for his support and understanding. I would like to thank my peers and the board for the opportunity to be part of Boral’s ‘Good to Great’ journey, and I am committed to ensuring a seamless and successful CFO transition.”
Prior to joining Boral, Belinda was the Acting CFO at Sydney Airport and has also held senior executive roles at General Electric (GE) including CFO ANZ and PNG, CFO Global Mining and CFO Global Locomotive.
Boral’s chief executive and managing director, Vik Bansal, confirmed Stefan Camphausen will take up the CFO mantle from Shaw.
Camphausen joins Boral from Bapcor, an ASX-limited firm. Shaw will remain as CFO until Camphausen starts with Boral, which is expected to be in July by the latest, although exact start dates are not confirmed.
“Over the past couple of months, we have assisted and explored various options to keep Belinda at Boral,” Bansal said.
“I appreciate that this decision was very difficult and while I am disappointed, I fully support and respect her decision, I wish her well in her feature endeavours.”
Camphausen, who has worked in management across Australia and Europe, is “very excited” to be taking up the role with a focus on working on Boral’s ‘Good to Great’ strategy, according to a statement.