Coal exploration, development and mining company Coal of Africa (CoAL) has advised that its CEO John Wallington, will not be renewing his contract with the company by mutual agreement with his executive role ending on 31 May 2013.Wallingtons three-year contract with CoAL commenced on 31 May 2010 and he has been instrumental in enabling the company to overcome the varied regulatory challenges since the beginning of his tenure. In addition to his role as the chairperson of CoAL, David Brown will become the interim CEO for a maximum period of six months whilst the appointment of a permanent successor will be progressed.
“On behalf of the Board, I would like to thank John for his commitment and contribution in what has been a difficult and challenging period for the company and wish him well for the future. John has effectively established sound relations with the relevant government departments and civil society, and a resilient management team that is equipped to take CoAL from an exploration to a mining company,” said CoALs chairperson David Brown.Meanwhile, the company also advised that Professor Alfred Nevhutanda, currently the Executive Director of CoALs corporate affairs, has also by mutual agreement tendered his resignation from the board with effect from 30 April 2013. Professor Nevhutanda joined the Board on 2 February 2009. On behalf of the Board, I would like to thank Professor Nevhutanda for his continued dedication in establishing the companys stakeholder structures in the areas we operate, particularly in the Limpopo province where the key coking projects which include Makhado are located. These changes will enable the company to continue to remain focussed on the key organisational processes to enable CoAL to migrate to a world class producer of coking and thermal coal, said Brown.