Boart Longyear Longyear, which eventually became Boart Longyear. He drilled his first diamond drill core hole in 1890 in northern Minnesota. Longyear's company developed the wire-line retrieved Q core barrel. Longyear was inducted into the National Mining Hall of Fame in Leadville, Colo in 1990. On March 1, 2016, Mr. Jeffrey Olsen was appointed President and Chief Executive Officer of Boart Longyear. He joined the company as the Chief Financial Officer in March 2014. Boart Longyear conducts contract drilling services in more than 40 countries, and provides mining products to customers in over 100 countries. Boart Longyear Boart Longyear is a global
Boart Longyear new technology to the industry, drilling products include a heli-portable surface drill with integrated rod handling, patented surface set bit technology and patented spearpoint design for the corebarrel head assembly. In 2011, Boart Longyear reached record revenue of $2 billion. In late 2012, CEO Craig Kipp resigned amidst slowdowns in mineral business and capital expenditure revisions, leading market to believe further deterioration of Boart's revenue is expected. Boart Longyear chairman David McLemore stepped in as acting CEO. Longtime Chief Financial Officer, Joseph Ragan, has recently resigned as well. adding to the deep changes at Boart's leadership level in recent months.