The head of Australia's biggest gold miner has announced he is stepping down after just two years in the role.
Newcrest chief executive Greg Robinson will hand the reins to former Rio Tinto executive Sandeep Biswas mid-next year.
And, its chairman Don Mercer will retire in December as previously planned.
ASIC is investigating Newcrest after its share price plunged days before the company announced big job losses and major asset writedowns.
Vas Kolesnikoff from Kolesnikoff Governance says the company is under pressure from shareholders with the share price plunging from more than $40 two years ago to just under $11 today.
"It will take decades to catch that up and currently the operations of Newcrest - not just the write-offs but the production and the costs - they're also going the wrong way as well," he said.
"So, somebody needs to be accountable, there needs to be a change."
The company operates mines at Cadia Valley in New South Wales, Telfer in Western Australia as well as mines in Africa, Papua New Guinea and Indonesia.
Newcrest shares closed 10 cents higher today at $10.93.