Coal of Africa has advised that Michael Meeser has been appointed as CFO and Executive Director of the company with effect from 1 June 2013.Meeser is a qualified chartered accountant and has over 20 years of extensive local and international experience in project finance. He spent 6 years in London working for Edison Mission Energy Limited, a company that developed, owned and operated independent power projects world-wide and with interests in more than 50 power projects and assets of more than $4billion. In 1998, Meeser joined Investec Banks Project and Infrastructure Finance business within their Capital Markets division. He is currently Head of the Project & Infrastructure and Commodity & Resource Finance businesses for Africa and is a member of the divisions’ executive committee.
“I would like to welcome Michael Meeser on board during a challenging and yet exciting period of the companys development. Michael brings a suite of unique skills that will enable the management to further strengthen the companys balance sheet as we bring our coking and thermal coal projects to account.As a Board we are keen to ensure that we execute on the key milestones necessary for shareholder value growth,” said Coal of Africas chairperson David Brown.