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- Paul Arnold resigns as Chief Executive and Managing Director of Energy Resources of Australia (ERA), effective immediately
- Following his period of leave, due to personal reasons, he will return to Rio Tinto (RIO) to assume a new role
- Since taking the helm of ERA in August 2017, Mr Arnold led the company through the final years of production during a period of uncertainty
- Recruitment for a replacement will begin immediately, however, Brad Welsh has been appointed acting Chief Executive
- ERA ends the day 2.86 per cent in the red with shares trading at 34 cents
Paul Arnold has resigned as Chief Executive and Managing Director of Energy Resources of Australia (ERA), effective immediately.
Following a period of leave, due to personal reasons, he will return to Rio Tinto (RIO) to assume a new role.
Since taking the helm of ERA in August 2017, Mr Arnold led the company through the final years of production during a period of uncertainty and market instability.
He was instrumental in the inaugural submission and publication of ERA’s Ranger Mine Closure Plan and oversaw the execution of important rehabilitation activities at Ranger, ERA said in a statement.
Chairman Peter Mansell thanked Mr Arnold for what he did for the company.
“Paul’s commitment to workplace safety, to protecting the environment and in demonstrating the utmost respect for the Mirarr Traditional Owners of the land on which ERA operates, has been exemplary,” he said.
“We thank Paul for his dedication and his compassion for all people. We wish him well for the future.”
Recruitment for a replacement will begin immediately, however, Brad Welsh has been appointed acting Chief Executive.
Mr Welsh was most recently the Chief Advisor Closure Strategy Non-Managed Assets with Rio Tinto.
His other roles include Chief Advisor Indigenous Affairs with Rio Tinto and acting General Manager of the Weipa bauxite operation in Far North Queensland.
ERA has ended the day 2.86 per cent in the red with shares trading at 34 cents in a $1.29 billion market cap.
