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  • David James Moult has been appointed CEO of Yancoal (YAL), effective immediately
  • He will be replacing Reinhold Hans Schmidt who has resigned to pursue new career opportunities
  • David brings over 40 years experience of global mining and coal industry knowledge
  • He is already a Director of various Yancoal subsidiaries and may be appointed as a Director to more in the future
  • Yancoal’s share price has dropped a slight 2.86 per cent and share are currently trading for $2.72 each

David James Moult has been appointed as Yancoal’s (YAL) new Chief Executive Officer, effective immediately.

David will be replacing Reinhold Hans Schmidt who has resigned as the CEO to pursue new career opportunities.

During his time, Reinhold made a significant contribution to Yancoal’s growth and expansion. He implemented many initiatives that have led to Yancoal’s strong operational and financial position.

David is an experienced CEO and company director with a career that spans over 40 years across the global mining and coal industries spanning throughout Australia, the U.S., and the U.K.

David is a Chartered Engineer in Mining and holds a Masters of Business Administration degree from the Nottingham Business School of the Nottingham Trent University.

He is also a Fellow of the Australasian Institute of Mining and Metallurgy, and is a Member of the Australian Institute of Company Directors.

David was appointed as Independent Non-Executive Director of Yancoal in January 2018.

During his tenure as a Yancoal Director, David has been the chairman of the Health, Safety, Environment and Community Committee, a member of the Nomination and Renumeration Committee, and a member of the Audit and Risk Management Committee.

Prior to joining Yancoal, David was the CEO and Managing Director of Centennial Coal Company from 2011 to 2017, and then a Non-Executive Director from May 2017 until January 2018.

David was the Chief Operating Officer from 1998 to 2011 before being appointed as Centennial’s CEO.

He is already a Director of various Yancoal subsidiaries and may be appointed as Director to additional ones in the future.

With the appointment as CEO of Yancoal, David has resigned as the chair of the Health, Safety, Environment and Community Committee, and as a member of the Audit and Risk Management Committee, and the Nomination and Renumeration Committee.

Dr Geoffrey William Raby has been appointed as the Chair of the Health, Safety, Environment and Community Committee, and a member of the Nomination and Renumeration Committee.

Yancoal’s share price has dropped a slight 2.86 per cent and shares are trading for $2.72 at 2:30 pm AEDT.

YAL by the numbers
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