Monday, July 23rd, 2007
The Board of Macarthur Coal Limited is pleased to announce the appointment of Mr Chen Zeng to the Board as a non-executive director.
Mr Zeng is the Managing Director of CITIC Australia, a company that is a long time shareholder, partner and investor in Macarthur Coalâ€™s coal ventures and shares a similar business philosophy.
Mr Zeng has over 18 years of experience managing a number of business operations, corporate and asset restructures, and has developed several projects for the CITIC and CITIC Australia groups.
Commenting on the appointment, Macarthur Coalâ€™s Chairman, Mr Keith De Lacy said, â€œwe are delighted to add a person of the calibre of Chen Zeng to our Board. We will benefit immensely not only from his business acumen and experience but his knowledge and expertise in Asian markets.â€
Besides CITIC Australia, Chen Zeng is also an executive director of the Hong Kong-listed CITIC Resources Holdings Ltd, Chairman of ASX-listed CITIC Australia Trading Ltd, and non-executive director of ASX-listed uranium company, Marathon Resources Limited.