After 22 years at the helm, Centennial Coal’s Robert (Bob) Cameron will resign as Centennial Coal’s Managing Director and CEO at the end of June.
Mr Cameron’s corporate knowledge and highly regarded industry experience will continue to benefit the company he created through his future incoming leadership as chairman of the Centennial Coal board.
Dr Ken Moss AM, who has served for 11 years as chairman of Centennial Coal, will be leaving the board.
In a period of 22 years Bob Cameron founded Preston Coal Company - a $2 million, 150,000 tonnes per annum mine employing 30 people - and then grew it into Centennial Coal - a $2.5 billion, 20 million tonnes per annum company employing 1,700 people at 10 mines.
Following a takeover in late 2010 Centennial Coal became a wholly-owned subsidiary of Banpu, a large experienced operator of coal mines and power generating assets in Thailand, Indonesia and China.
“Banpu represents an exciting new chapter in the future growth of Centennial Coal to which they are fully committed, and I am looking forward to my continued involvement as Chairman of the Board”, said Mr Cameron.
“I have lived and breathed Centennial Coal and been a staunch advocate of the coal mining sector for many decades. I will continue to be an ambassador for Centennial and remain ever mindful that Centennial’s past, present and future success continues to be directly attributed to its people”.
Mr Cameron will be replaced as CEO and Managing Director by Centennial’s long serving Chief Operating Officer David Moult. Mr Moult has worked in the United Kingdom and United States of America before joining Centennial Coal in 1998.
“David’s strong operational and management skills combined with his demonstrated ability to build teams and motivate people, are the ideal attributes required for continued positive leadership of the company”, said Mr Cameron.
Centennial’s Steve Bracken will be promoted to the position of Chief Operating Officer. Mr Bracken has worked in a variety of senior roles in the Company, most recently as General Manager Northern Operations.
Mr Cameron concluded, “As the founder of Centennial Coal I am most proud of our professional and dedicated workforce, our close ties to the communities within which we operate, and the high returns we have provided to our supportive shareholders,” he said.
Article in Mudgee Guardian 28 Mar, 2011