BRL
24/03/2015 08:30
OFFICE
PRICE SENSITIVE
REL: 0830 HRS Bathurst Resources Limited
OFFICE: BRL: Resignation of MD & CEO/Appointment of new CEO
RESIGNATION OF MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AND APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER
Bathurst Resources Limited ("Bathurst" or 'the Company" ASX & NZX: BRL)
announces that Hamish Bohannan has today given notice of his resignation as
Managing Director and Chief Executive Officer.
As previously reported, Bathurst's ongoing business efficiency review has
resulted in operational restructuring throughout the Company's sites over the
past year. In line with this process, and with the full scale development of
the flagship Escarpment mine project being put on hold, Mr Bohannan has now
decided to seek a fresh challenge.
Mr Bohannan joined Bathurst in 2008 and played a critical role building and
implementing the strategic growth of the company in New Zealand.
Chairman, Malcolm Macpherson said "the Board would like to acknowledge the
contributions that Hamish has made, both in establishing Bathurst as a
significant domestic coal producer and, in particular, working through the
consenting process for the Escarpment project."
Appointment of Richard Tacon as Chief Executive Officer
Bathurst is pleased to announce the appointment of Richard Tacon as Chief
Executive Officer. Mr Tacon joined the Company in 2012 as Chief Operating
Officer. With over 30 years industry experience, he has played an integral
role in reviewing productivity and efficiencies across the operations to more
closely align the Company's capabilities with current market conditions and
to ensure Bathurst is well positioned for a recovery when global coal prices
improve.
Richard was born in New Zealand then spent 30 years working in Australia
before returning to take up the position with Bathurst. Since starting his
career in the 1970s, he has worked in almost every role in the coal mining
industry.
His first job in the industry was at Greymouth's Liverpool State Mine, owned
by the New Zealand Government. He went on to hold several management roles in
mines in Australia, and has held senior leadership roles for the past decade.
Richard holds first, second and third class coal mining qualifications and
studied at the Otago School of Mining. He has also spent nearly 15 years in
NSW mines rescue crews, making him familiar with the principles and practices
of mine safety, and has recently completed New Zealand Mine Incident
Controller training.
Richard is an ex-secretary for the Australian Mine Managers' Association. He
is currently director of New Zealand's Mines Rescue Trust Board.
"We welcome Richard to the position of the CEO to lead Bathurst through the
company's next phase of development. His key role will be to grow the
domestic business whilst preserving shareholder value in the Buller coking
coal project during this period of low commodity pricing." said Mr
Macpherson.
Details of Mr Tacon's terms of employment are yet to be finalised at which
time they will be released to the market.
End CA:00262177 For:BRL Type:OFFICE Time:2015-03-24 08:30:05
