Coal of Africa Limited (Coal) chief executive John Wallington will be separating from the corporation when his 3 year contract terminates end of May. It was stated that through a mutual agreement Wallington wouldn’t be restarting his agreement with the business.
Chairman David Brown will develop as the interim CEO for a full period of 6 months while the appointment of an everlasting successor will be advanced. David Brown – Coal’s Chairman – welcomed Michael to the team during a perplexing yet stimulating time of the business’s improvement. Michael brings a set of exclusive and innovative services that will allow the management to further toughen the business’s balance sheet as they bring their coking and thermal coal projects to account. Top management expressed their eagerness in ensuring that they implement the key milestones essential for shareholder value advance and expansion.
John has efficiently recognised comprehensive relations with the applicable government sections and civil society, and a strong management team that is ‘armed’ to take Coal from an exploration firm to a mining one.
In addition, Coal company affairs director Alfred Nevhutanda has also given his final notice with effect from 30 April by mutual agreement after working with the business since 2009. Brown also addressed his gratitude towards Nevhutanda for his sustained commitment in launching the company’s stakeholder structures in the areas we function, mainly in Limpopo where the key coking missions which include Makhado are situated.
Such fluctuations and changes will allow the company to endure lasting concentration on the key structural procedures to allow Coal to travel to a world class creator of coking and thermal coal.