Former mining executive Michael Barrett takes on the role of national leader of the firm’s energy and resources risk advisory group.
Mr Barrett was previously chief financial officer of Cloud Peak Energy Inc, one of the largest coal producers in the United States.
Cloud Peak Energy was a former business unit of Rio Tinto, and Mr Barret a key leader of its IPO and listing on the New York Stock Exchange in 2009.
Mr Barrett said he is looking forward to contributing to Deloitte’s already impressive risk advisory team.
“Deloitte has a proven track record as a risk adviser and I have been incredibly impressed with the hands-on and dynamic approach the firm takes with its client offerings,” he said.
“I am looking forward to help deepen industry and business understanding of Deloitte’s expertise.”
Deloitte's national leader, energy and resources, Michael Rath welcomed Mr Barrett to the firm, describing his skill set as crucial for the current business environment.
“Michael is a highly regarded CFO and mining industry executive with deep local and global experience across all aspects of the public company CFO role, including capital markets, balance sheet management, finance transformation, internal audit, investor relations, treasury risk, business improvement and safety management,” Mr Rath said.
“He is exactly the type of individual we are confident can bring authentic and informed risk intelligence to our energy and resources clients. Given his background, his immediate focus will be on integrating our risk advisory capability and experience across the sector and working with mining and mining services clients, who are dealing with a range of risks and challenges brought on by volatile commodity prices and emerging competitive opportunities.”
As national energy and resources risk leader, Mr Barret will be based in Perth but work extensively both across Australia and Asia.
His arrival follows the recent announcement of two other key additions to Deloitte’s public sector practice in Western Australia: John Langoulant and former Outcare CEO Amanda Wheeler.