Stewart Butel, the Managing Director of Wesfarmers Resources since 2006, has decided to retire.
Butel will retire at the end of July 2016, supporting a smooth leadership transition in the resources business. Which includes Wesfarmers Curragh and Wesfarners’ 40% interest in the Bengalla coal mine.
Richard Goyder, Wesfarmers Managing Director, indicated that Butel had contributed significantly to the growth of the resources business and the wider group since he first joined in 2000.
Butel became Managing Director of Wesfarmers Premier Coal in 2002 and Director Coal Operations for Wesfarmers Energy in 2005.
Goyder explained that the Curragh acquisition and expansion through the Curragh North had been “outstanding investments” for shareholders.
He said: “The strong cash generation from Curragh, under Stewart’s leadership, significantly contributed to our ability to finance the purchase of the Coles Group in 2007. As conditions have become tougher for coal, both Curragh and Bengalla remain world-scale, low-cost mines with long mines lives.”
Craig McCabe, who is currently General Manager of Wesfarmers Curragh, will take on the new role of Chief Operating Officer at Wesfarmers Resources, effective June 2016. He will report to Rob Scott, Managing Director of the Wesfarmers Industrial Division.
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/06052016/wesfarmers-resources-managing-director-steps-down-730/