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Ex-LME Chief Executive joins globalCOAL

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World Coal,

Martin Abbott is to join globalCOAL’s board as Independent Non-Executive Director.

Abbott has an extensive career in the commodities space. As Chief Executive of the London Metal Exchange from 2006 and 2013, he transformed the business into a world-class commercially-driven exchange, boosting profit from £2 milling to £50 million per annum. In this and other roles – including running commodity trading businesses – he gained a deep understanding of the regulatory environment in which companies like globalCOAL operate.

globalCOAL Chairman, Craig Wiggill, commented: “Martin will bring a valuable measure of independence to the globalCOAL board and play a critical role in helping to steer globalCOAL through the current regulatory environment. His appointment is a key aspect of globalCOAL’s drive to strengthen its governance. We are proud to have someone of Martin’s calibre on our board.”

In addition to joining the globalCOAL board of directors as Independent Non-Executive Director, Abbott will take on the chairmanship of globalCOAL’s Compliance Committee, which, amongst other area of responsibilities, oversees the processes and procedures which define globalCOAL’s conduct with regards to the administration of its benchmarks, such as the globalCOAL NEWC Index.

Edited from press release by Harleigh Hobbs

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