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South32 chair Karen Wood to retire in 2026; Stephen Pearce appointed successor
October 24, 2025
|The Star
DIVERSIFIED mining and metals company South32 has announced that its chair, Karen Wood AM, will retire from the Board in February 2026, marking the end of an eight-year tenure that has overseen significant portfolio transformation and progress on sustainability.
Following a formal succession process, the board has elected Stephen Pearce to succeed Wood as chair, effective February 2026. Pearce joined the board as an independent non-executive director in February 2025 and brings over three decades of financial and commercial experience in the global resources sector.
Wood joined the South32 board in November 2017 and was elected chair in 2019. During her tenure, she served on the remuneration, sustainability, and nomination and governance committees, providing what the company described as "exceptional leadership and strategic oversight" through South32's shift towards commodities critical to the global energy transition.
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