The Company is pleased to announce the appointment of Mr.
Jan Fabian as CEO and Chairman of the Board of Czech coal subsidiary
OKD a.s. ('OKD'), effective 1 January 2013. As of the same date, Mr.
Fabian will also join the Board of . Mr. Fabian's appointment
follows a decision by Mr.
Beck to retire from his role as CEO of OKD, a position that he has held
since 1 July 2007. Following his resignation from OKD, Mr. Beck will
become a Non-Executive Director of the Company.
announced in June, Mr. Gareth Penny has joined the Board as
Chairman-Elect and will become Executive Chairman on 1 October,
succeeding Mr. Mike Salamon whose retirement from the Board of Directors of becomes effective on 30 September 2012. Mr.
Salamon has been a Director and Executive Chairman of the Board of
since 8 April 2011. He has also served as a director and executive
chairman of the board of directors of N.V. since 1
September 2007, and will be resigning from this position, as of 30 September 2012.
Commenting on the Board changes, Mr. Penny, Executive Chairman Elect, commented:
welcome Jan to the Board following his appointment as CEO of our coal
mining subsidiary OKD and I am delighted that Klaus will continue to
make a contribution to the Board in his new role as a Non-Executive
Director and ensure a smooth transition of responsibilities.
has a thorough understanding of our assets and during his four years as
COO of the Company he has been an important part of our successful
relations with a broad range of stakeholders including customers,
employees, our community and the Company's shareholders.
his five years as CEO of OKD, Klaus has successfully delivered a
transformation of our assets and working standards. In improving safety,
maintaining production and controlling costs, Klaus has highlighted the
fact that well-run operations with disciplined procedures ultimately
reward investors, employees and the communities affected by our
Salamon has led the Board and the Company through a succession of major
strategic milestones over the past five years. The completion of the
IPO, reincorporation, meaningful investment in new mine infrastructure
and adoption of new methods, the attraction and retention of talent at
all levels of the Company are just part of his legacy. On behalf of the
Board we wish him all the best."