GOLD miner Newcrest has appointed experienced director and lawyer Peter Hay to its board.
Mr Hay also holds positions on the boards of ANZ, Myer, Alumina, GUD Holdings and Epworth Healthcare, and will join Newcrest as a non-executive director immediately.
Mr Hay joins the board at a difficult time for the company, which has been hit by a steep decline in the gold price.
Newcrest recently wrote down the value of its assets by up to $6 billion, the announcement of which has led to an investigation by the Australian Securities and Investments Commission (ASIC) into its disclosure practices.
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