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- Coronado Global Resources’ (CRN) Chief Executive Officer announces his retirement after 11 years in the role
- Gerry Spindler will step down after the company’s annual general meeting, scheduled to be held around May 25
- From then, Mr Spindler will hold the position of Executive Chair of the board, while current Chief Operating Officer Douglas Thompson will step into the role CEO, in accordance with Coronado’s planned succession process
- William Koeck will remain on Coronado’s board of directors as Deputy Chair and Lead Independent Director
- Coronado Global Resources dips 0.97 per cent in the red, trading at $2.05 at 1:46 pm AEDT
Coronado Global Resources’ (CRN) Chief Executive Officer has announced his retirement after 11 years in the role.
Gerry Spindler will step down after the company’s annual general meeting, which is scheduled to be held around May 25.
“On behalf of the board, I want to thank Mr Spindler for his leadership, outstanding contributions and dedication during his 11 years as Coronado’s Chief Executive,” Deputy Chair and Lead Independent Director William Koeck said.
“We are grateful that he has agreed to stay on as Executive Chair and assist the board, given his extensive experience and understanding of our growth strategy.”
Mr Spindler told investors he feels now is the right time to step back from the role of CEO.
From May, Mr Spindler will hold the position of Executive Chair of the board, while Douglas Thompson will become CEO in accordance with Coronado’s planned succession process.
Mr Thompson has been the company’s Chief Operating Officer since September 2021 and has more than 25 years’ experience in the mining industry.
His previous roles include Managing Director and CEO of Thiess, an affiliate of the CIMIC Group (CIM), and senior roles with Gold Fields.
The company said Douglas Thompson will establish an office in the US and will work between the US and Australia.
Group Chief Financial Officer Gerhard Ziems will assume an expanded role from May, taking responsibility for all sales, marketing and strategic investment activity, splitting his time between the US and Australia.
William Koeck will remain on Coronado’s board of directors as Deputy Chair and Lead Independent Director.
Coronado Global Resources dipped 0.97 per cent trading at $2.05 at 1:46 pm AEDT.
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