Olsen most recently worked as chief commercial officer for Rio Tinto’s iron and titanium operations, a role he’s held since 2010. Before that, he was CFO of that company’s borax and minerals operations and had served in other financial-related roles. He also worked at General Chemical Corporation and Xerox Corporation.

“I am pleased to have Jeff join Boart Longyear. His strong financial background and knowledge and understanding of the resources and mining industries, including his global experience in a broad range of senior financial and commercial roles with Rio Tinto, are a good fit for our company and for our current priorities to improve our balance sheet and focus on shareholder returns,” said President and Chief Executive Officer Richard O’Brien. “The Board and I also would like to thank Jay Clement for the leadership and judgment he has provided as acting CFO during a very challenging period. He has been indispensable to me since I joined the company and will continue to be so.”

Olsen earned a bachelor of arts degree at the University of Utah. He also holds a masters degree in business from the University of Rochester’s Simon School of Business.

 Boart Longyear, based in Salt Lake City, offers drilling services, equipment and performance tooling for the mining industry. The company has more than 9,000 employees worldwide, manufactures equipment in six global factories, and sells to customers in more than 100 countries. For more information, visit www.boartlongyear.com.