The administrators of Australian coal company, Cockatoo Coal Ltd, have announced that Cockatoo CEO, Peter Kane, has been provided notice of termination. He will leave the company on 27 May.
Brian Wyatt, currently the General Manager of the Baralaba mine, will act as interim CEO following Kane’s departure.
“The deed administrators express their sincere appreciation to Peter Kane for his valuable contribution during the period of the voluntary administration,” the company said in a statement.
Cockatoo and three related companies (Baralaba Coal, Wonbindi Coal and Cockatiel Coal) went into voluntary administration last November. In February, its Baralaba mine was put into care and maintenance with administrators blaming an “unsustainable level of cash outflows”.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/coal/17052016/cockatoo-coal-ceo-to-leave-company-2016-790/