Change of CEO at ARMS, Berau Coal

By Ruli Setiawan

In the light of the changes underway in Asia Resource Minerals plc (ARMS) as a result of the expected refinancing and recapitalisation, the LSE-listed mining company said that Amir Sambodo has agreed to step down as CEO of ARMS and as President Director of IDX-listed coal firm PT Berau Coal Energy Tbk and of PT Berau Coal with immediate effect.

Sambodo has kindly agreed to remain available for consultation by the company until May 2016, said ARMS, which controls Berau, in a statement Wednesday.

Amir had assumed CEO of the group's companies over the past nine months.

"The Board of ARMS is pleased to announce that HamishTyrwhitt has agreed to be appointed CEO, and as CEO-designate of Companies in Indonesia," the statement said.

Editing by Reiner Simanjuntak