Stefan Camphausen appointed SGH Group Chief Financial Officer
SGH Ltd (ASX:SGH) has announced that Stefan Camphausen, currently Chief Financial Officer of Boral, will succeed Richard Richards as Group Chief Financial Officer, effective 1 December 2026.
Mr Richards will step down after more than 13 years in the role and will work with Mr Camphausen in the coming months to ensure an orderly transition. He will continue with SGH, assisting the SGH MD&CEO with the evolution of SGH’s portfolio.
The appointment follows a planned succession process overseen by the Board. Boral has commenced a search for its next Chief Financial Officer and is assessing a strong field of internal and external candidates.
Ryan Stokes AO, SGH MD&CEO
“Stefan knows our businesses and our operating model from the inside… His appointment reflects the depth of talent we have deliberately built across SGH.”
When big ASX news breaks, our subscribers know first
A CFO who knows the SGH operating model
SGH MD&CEO Ryan Stokes AO said Mr Camphausen has played a core role in embedding the operating model at Boral and in driving its transformation.
Camphausen’s track record
Mr Camphausen joined Boral as Chief Financial Officer in April 2024. His background, as set out by the company, includes:
- More than a decade of Chief Financial Officer experience in Australia and Europe
- Previously Chief Financial Officer of ASX-listed Bapcor and CIMIC Group
- CFO roles at CPB Contractors and Thiess, following senior finance roles with Hochtief in Europe
- More than 25 years of finance experience
- A Bachelor of Business Administration from the University of Applied Sciences in Essen, Germany, and an MBA from the NIMBAS-Bradford Management School in Utrecht, the Netherlands
In his words
Mr Camphausen pointed to the strength of the finance team and the businesses he will work with, and said he has seen the operating model’s results first-hand at Boral.
Stefan Camphausen
“I am honoured to assume the role of Group CFO. SGH has a strong finance team, high-quality businesses, a resilient balance sheet and a clear operating model. I have seen first-hand at Boral what the SGH Way delivers…”
Richard Richards’ 13-year legacy at SGH
Mr Richards joined SGH as Chief Financial Officer in 2013. During his tenure, SGH completed the following transactions and capital initiatives:
- Acquisition of Nexus Energy
- Sale of WesTrac China
- Acquisition of the remaining 50 per cent of Coates
- Acquisition of Boral
- Unification of SGH’s capital structure through the TELYS consolidation
- Three capital raisings and active debt management, providing the funding capacity and flexibility to pursue SGH’s growth strategy
Mr Stokes said Mr Richards built a finance team across M&A, tax, treasury, insurance, reporting and governance that will continue to support SGH’s performance.
The capital structure Mr Richards leaves behind also underpins the $500 million buyback approved ahead of the FY26 result, which SGH sized to retain room for organic investment across its operating businesses.
Richard Richards
“It has been a privilege to serve as CFO of SGH for more than 13 years… I am confident in handing over to Stefan…”
What happens next for SGH’s finance leadership
The announcement sets out the following steps:
- Mr Camphausen takes up the Group Chief Financial Officer role effective 1 December 2026.
- Mr Richards works with Mr Camphausen in the coming months on an orderly transition, then continues assisting the SGH MD&CEO with the evolution of SGH’s portfolio.
- Boral’s search for its next Chief Financial Officer is under way, with internal and external candidates being assessed.
The incoming CFO arrives while SGH is pursuing a consortium BlueScope Steel bid with Steel Dynamics, a non-binding proposal that would be among the largest industrial transactions on the ASX and would test the finance team’s deal capability.
Want Alerts Like This on the Industrials Stocks You Follow?
StockWire X Market Intelligence scores every announcement in our coverage for how significant it’s likely to be for investors, and which way it points, then alerts you on the stocks you follow. The first 1,000 founding members lock in 50% off for life: A$247 a year instead of the standard A$495. Join the founding waitlist today.