Join our daily newsletter At The Bell to receive exclusive market insights
- Bowen Coking Coal (BCB) appoints mining executive Mark Ruston as its new CEO, effective from March 27
- The role comes with a $700,000 per annum salary, along with short and long-term incentives pending key performance targets
- As a result of the move, Bowen’s founder and current MD and CEO, Gerhard Redelinghuys, will step down but continue with the company as Executive Director
- Mr Redelinghuys has agreed to assist with the CEO transition before turning his focus to the company’s business development and coal marketing requirements
- Bowen Coking Coal is up 1.92 per cent to 26.5 cents at 3:10 pm AEDT
Bowen Coking Coal (BCB) has appointed mining executive Mark Ruston as its new CEO, effective from March 27.
Mr Ruston has over 30 years of experience in coal and metalliferous open-pit and underground operations across Australasia and Africa. He previously held General Manager roles at Thiess, Golding Contractors, and Macmahon Holdings (MAH).
“Mark’s skillsets are a great fit for Bowen as we ramp up production across the first of our mines and look to safely and efficiently bring more of our pipeline of projects into production over time,” Executive Chairman Nick Jorss said.
“Mark’s vast experience in building mines and running efficient operations bodes well for Bowen as we head towards steady-state production at our first three new mines.”
The role comes with a $700,000 per annum salary, along with short and long-term incentives pending key performance targets.
As a result of the move, Bowen’s founder and current Managing Director and CEO, Gerhard Redelinghuys, will step aside but continue with the company as Executive Director.
“I would also like to express our immense gratitude and pay tribute to Gerhard for his exceptional leadership over recent years in transforming Bowen from a junior coal exploration company to a multi-mine coal producer,” Mr Jorss said.
“I know firsthand the mixed feelings Gerhard will have at this point in the journey and it’s a huge credit to him as the founder that he has decided to step out of the driving seat at the time of his choice and on his terms.”
Mr Redelinghuys has agreed to initially assist with the CEO transition before turning his focus to the company’s business development and coal marketing requirements.
Bowen Coking Coal shares were up 1.92 per cent to 26.5 cents at 3:10 pm AEDT.
