Coal makes Key Board and Management Appointments in Line with Rapid Growth
Monday, May 24th, 2010
Coal of Africa Limited the AIM/ASX/JSE listed coal mining and development company operating in South Africa (ticker: CZA), is pleased to announce that it has secured several key appointments in line with the recent rapid growth of the Company and to support its strategy and expanding production profile.
Chief Executive Officer/Executive Director
Effective 15 June 2010, CoAL is pleased to announce the appointment of Mr John Wallington as Chief Executive Officer (“CEO”) and Executive Director to the Company.
Mr Wallington brings 30 years experience in the coal exploration and mining industry, including having held the position of CEO for the Anglo Coal Division (“Anglo Coal”) of Anglo American plc, one of the world’s largest mining and natural resource groups, between 2005 and 2008.
As CEO of Anglo Coal, Mr Wallington was responsible for the management of the Coal Division, which had a turnover of over US$3.5 billion per annum and employed over 10,000 people, including contractors. He joined Anglo American in 1981 and was CEO of the South African Region prior to his appointment as CEO of Anglo Coal globally.
Since leaving Anglo Coal in 2008, Mr Wallington has acted as a Non-Executive Director and/or acting Managing Director of two smaller ASX/JSE listed exploration and development companies. Mr Wallington will resign from his remaining directorship in due course.
Mr Wallington holds a BSc in Mining Engineering from the University of the Witwatersrand in Johannesburg, South Africa and has participated in executive programmes with both the London Business School and Harvard Business School.