- Allegiance Coal (AHQ) appoints Jonathan Romcke as Chief Executive Officer (CEO) and a Director of Intelligence
- Mr Romcke has a Bachelor of Engineering (Mining) Honours, from the University of Wollongong as well as Coal Mine Managers’, Undermanager’s and Deputy’s Certificates of competency
- He will receive a salary of US$420,000 (A$571,000) as well as US$36,000 (A$49,000) per year for costs of living in the US
- Mr Romcke will see out his notice period at Stanmore over the next two months, after which he will be appointed to the company’s board
- Shares closed flat today at 50 cents each
Allegiance Coal (AHQ) has appointed Jonathan Romcke as Chief Executive Officer (CEO) and a Director of Intelligence.
Mr Romcke has a Bachelor of Engineering (Mining) Honours, from the University of Wollongong as well as Coal Mine Managers’, Undermanager’s and Deputy’s Certificates of competency.
He will receive a salary of US$420,000 (A$571,000) as well as US$36,000 (A$49,000) per year for US accommodation costs, a company car, comprehensive medical insurance, and other benefits.
Most of his career has been spent working with BHP, Oakridge and Xstrata in underground coal.
He has previously been interim CEO at Stanmore Resources, where he currently holds the position of General Manager Development.
Mr Romcke will see out his notice period at Stanmore over the next two months, after which he will be appointed to the company’s board.
Current Chairman and CEO Mark Gray said he believes the appointment will bring a lot of value to the company.
“It has always been in our planning to appoint a mining industry professional to lead Allegiance through the post start-up phase of New Elk and the post ramp-up phase of Black Warrior, into stability, growth, and asset optimisation of our portfolio,” he said.
“To this end we undertook a process in the second half of calendar 2021 to engage a leader and are very pleased to announce the appointment of Jon Romcke as our Chief Executive Officer designate.”
“On Jon’s commencement with the Company, I will relinquish that responsibility and remain Chairman of Allegiance.”
Shares closed flat today at 50 cents each.