Yancoal Australia Ltd (ASX:YAL) Chief Executive Officer Transition
CEO Resignation
Yancoal Australia Ltd announces the resignation of its Chief Executive Officer, Mr David James Moult, after seven years with the Company. Mr Moult will step down effective 14 July 2025, having concluded it is time to retire from full-time employment to focus on other business interests.
Mr Moult expressed his honour in leading Yancoal during challenging times, reflecting on the Company’s resilience through wet weather and the COVID pandemic.
Interim Leadership
Mr Ning Yue, Chair of the Executive Committee, will assume the role of acting CEO. With over 20 years of experience in coal mining operations, Mr Yue aims to provide stability and continuity throughout the transition period.
Executive Comments
Mr Moult stated, “I have thoroughly enjoyed my time with Yancoal and now look forward to spending more time with my family.” Yancoal’s Chairman, Mr Gang Ru, acknowledged Mr Moult’s significant contributions, highlighting the Company’s successful debt retirement and dividend payments during his tenure.
The Board will embark on a comprehensive search for Yancoal’s next CEO and will update the market upon an appointment.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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