John Callagher

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

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

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

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

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

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

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

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.