Moult resigns as Yancoal CEO
David Moult has resigned as CEO of Australian coal producer Yancoal after seven years with the company, five of which were as CEO.
The ASX-listed miner stated that Moult had decided to retire from full-time employment to devote more time to his other business engagements. His employment will end on July 14, with active duties ceasing immediately.
“During the recent holiday season, I took time to reflect on my time with Yancoal, the capacity it possesses to pursue future opportunities and the highly capable executives and operational personnel across the company. I concluded that having spent longer in the role than initially expected when asked to become CEO, it is an opportune time to step down. I have thoroughly enjoyed my time with Yancoal and now look forward to spending more time with my family, watching on as new leadership leads Yancoal on to further success,” said Moult.
Yancoal’s chair of the executive committee, Ning Yue, would serve as acting CEO until the board made a permanent appointment to the role.
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