New Bowen Coking Coal CEO announced

Bowen Coking Coal has a new leader. The board announced that Daryl Edwards would take over as chief executive officer (CEO), effective immediately. Former CEO Mark Ruston would be available to assist the company through to his completion date of May 25, following his resignation to pursue other interests, the company said. It’s the third CEO in six months at Bowen Coking Coal. Mr Rushton took over from Gerhard Redelinghuys in July last year. Related: Boardroom shake-up at Bowen Coking Coal Mr Edwards has served as the company’s chief financial officer since October 2020. He was instrumental in navigating Bowen Coking Coal from explorer, through the start-up phase and into production, the company told the ASX. Daryl Edwards. "His significant senior management experience across coal operations and financing has delivered marked improvements in the company’s cost control and reporting," the company stated. Main image: Bowen Coking Coal's Burton Complex "He was also responsible for sourcing and negotiating the equity and debt funding required for the company, including the recent refinancing arrangements, to become one of Queensland’s newest coking coal producers." The company had undergone significant change over the last six months of 2023, executive chairman Nick Jorss said. "We have stared down some major challenges in that time," he said. “With a sharpened focus solely on the low-cost Burton complex, Daryl is ideally positioned to drive the business forward and maximise shareholder returns. “Daryl is a seasoned mining and finance professional with a proven track record in coal project development, finance, and operations. “He is across every part of our business in detail and is highly motivated to transition Bowen to the next stage as a significant and profitable independent Queensland coal producer. “I would like to express our gratitude to former CEO Mark Ruston, who took over the role during a very challenging period for Bowen and provided strong leadership as we ramped up production at the Burton Complex and transitioned Bluff into care and maintenance. “We thank Mark for his considerable efforts across the business including enhancing business systems and reporting and increasing the frequency of coal shipments. We wish him all the best in his future endeavours." Mr Edwards is a chartered accountant with more than 25 years’ experience in the mining and manufacturing industries. He has held various executive positions including CEO of private Australian coal explorer Pioneer Coal, and CFO and head of corporate development for Universal Coal, where he managed the commercialisation of the 4Mpta Kangala Colliery and the 3.3Mtpa New Clydesdale Colliery. Previously, Mr Edwards was CFO at Asenjo Energy, a Botswana-based coal exploration and development company. Jen Williams. Finance team The company advised that Jen Williams, a qualified chartered accountant, would lead the finance function at Bowen. Ms Williams served as general manager of finance at Bowen for the last year. Ms Williams has more than 15 years of experience in various senior finance roles, including at Peabody Energy and Coronado Global Resources.

New Bowen Coking Coal CEO announced

Industry Queensland

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