# John Callagher Chief Financial Officer ## Career chronology - **Current at cutoff; exact start date not independently verified in this audit: AIC Mines** — Chief Financial Officer. [Board and management]() (Relevant named person’s current issuer biography) - **Before or during AIC tenure as described by the issuer; exact dates not determined in this audit: Whitehaven Coal** — General Manager Finance. [Board and management]() (Relevant named person’s current issuer biography) ## Education and qualifications ### Commerce degree and Chartered Accountant [callagher_education] Award dates unconfirmed · issuer reported · medium materiality AIC’s annual report describes Callagher as a Chartered Accountant with a Bachelor of Commerce from the University of NSW. Award dates and membership good standing were not independently checked. **Attribution:** Responsibility not applicable. Issuer-reported credentials. **Relevance:** Relevant to statutory reporting, controls, finance and capital structure. [AIC Mines FY2025 annual financial report]() (pp.4–5, senior executive biographies; remuneration terms) ## Contributions and company outcomes ### Specific finance-function and refinancing contribution claimed [callagher_aurora] Before May 2025 · issuer reported · medium materiality AIC reports that Callagher established Aurora’s stand-alone finance function and led divestment and debt-refinancing processes. Deal terms, proceeds, leverage reduction and independent outcomes were not disclosed in the reviewed biography. **Attribution:** Individual involvement documented. Issuer explicitly credits his actions; their economic success remains unquantified. **Relevance:** Relevant capability for financing AIC growth, with verification still needed. [AIC Mines FY2025 annual financial report]() (pp.4–5, senior executive biographies; remuneration terms); [Board and management]() (Relevant named person’s current issuer biography) ### Whitehaven’s strong profit and debt outcome during tenure [callagher_whitehaven_success] FY2018 · issuer reported · medium materiality Whitehaven reported FY2018 profit of A$525.6m, operating cash flow of A$854m and net debt of A$270.4m. Callagher’s reported 2013–2021 finance tenure overlaps. Commodity prices and mine ramp-up were major company drivers. **Attribution:** Role overlaps event; causation unproven. Finance-role overlap supports exposure to a successful period, not personal credit for coal-price or production gains. **Relevance:** Useful capital-management experience; request evidence of his specific decisions. [FY2018 Annual Results]() (FY2018 financial results); [John Callagher professional history]() (2013–2021 finance tenure, secondary profile) ## Business failures and setbacks ### Whitehaven also experienced substantial losses [callagher_whitehaven_loss] FY2015 · issuer reported · medium materiality Whitehaven’s five-year record reports an A$342.7m FY2015 loss before the later earnings recovery. A single peak profit year therefore gives an incomplete view of the employer’s performance. **Attribution:** Role overlaps event; causation unproven. Finance tenure overlaps; this is a corporate result, not a finding of misconduct or sole responsibility. **Relevance:** Assess reporting discipline and balance-sheet decisions across the cycle. [Whitehaven Annual Report 2018]() (PDF p.6, five-year financial record); [John Callagher professional history]() (2013–2021 finance tenure, secondary profile) ## Environmental record ### Water-use conviction at Whitehaven subsidiary [callagher_maules] Conduct 2016–2019; resolution November 2021 · documented · high materiality NRAR reported a conviction, A$200,000 fine and enforceable undertaking at Maules Creek for unlicensed water taking during 2016–2019. Those conduct years overlap Callagher’s reported Whitehaven finance tenure; the 2021 notice does not name him. **Attribution:** Role overlaps event; causation unproven. No personal participation or liability is established. His role in compliance budgeting or controls is unresolved. **Relevance:** Material compliance context during finance tenure; personal control ownership is not established. [Maules Creek judgment and enforceable undertaking]() (25 November 2021 judgment and undertaking); [John Callagher professional history]() (2013–2021 finance tenure, secondary profile) ## Governance and interests ### Commencement date corrected from contract date [callagher_start] April–May 2025 · issuer reported · low materiality AIC’s FY25 report says he commenced as CFO on 12 May 2025; 8 April was the service-agreement date. The current V8 roster leaves his appointment date unspecified. **Attribution:** Individual involvement documented. This is a source-date reconciliation, not an executive conduct issue. **Relevance:** Separates contract execution from actual CFO commencement. [AIC Mines FY2025 annual financial report]() (pp.4–5, senior executive biographies; remuneration terms) ## Suitability for the current role ### Finance and transaction experience match AIC’s needs [callagher_fit] Assessment at cutoff · analyst inference · medium materiality His reporting, M&A and refinancing background fits a growing copper producer. The quality of his own controls and financing decisions is not independently established by employer profit totals or biographies. **Attribution:** Responsibility not applicable. Analytical assessment with uncertainty over individual outcome attribution. **Relevance:** Request transaction case studies and control-remediation responsibilities. [AIC Mines FY2025 annual financial report]() (pp.4–5, senior executive biographies; remuneration terms); [Maules Creek judgment and enforceable undertaking]() (25 November 2021 judgment) ## Evidence gaps - Prior-job year ranges rely on a secondary profile; exact dates are not independently confirmed. - Refinancing margin, covenants, liquidity benefit and divestment returns at Aurora are not publicly established in the targeted searches. - Whitehaven subsidiary water enforcement is documented, but Callagher’s personal budgeting, provisions or remediation control ownership is not established. - The prior dossier and its earlier search logs were preserved separately. Prior search execution and citations not re-opened in this audit were not treated as independently verified; omitted claims require fresh source-level review.