Cokal appoints two new top officials
Saturday, June 25 2016 - 04:57 AM WIB
ASX-listed Cokal Limited announced Friday the appointment of Garry Kielenstyn Chief Operating Officer (COO) effective June 24, 2016.
The company said in a statement that Kielenstyn has been a member of the senior management team in the capacity of the Indonesian Country Manager / President Director PT Cokal (PT Cokal is a 100 percent owned subsidiary of Cokal since May 2013. Garry is an expatriate based in Indonesia since 1974, he is a veteran of the Indonesian mining and civil industries.
The company also said it has appointed Teuku Juliansyah as Chief Financial Officer, effective June 24, 2016.
Juliansyah is currently Finance Manager ? Indonesia for Cokal. He is a Registered Accountant with the Indonesian Ministry of Finance and has a Bachelor?s Degree in Economics majoring in Accounting. Prior to joining Cokal, Juliansyah was a manager with PricewaterhouseCoopers.
Juliansyah has continually taken on additional responsibilities as functions were transferred to Indonesia from Australia. In September 2015 Juliansyah was appointed as Joint-Company Secretary of the Cokal. This current appointment as CFO completes the transfer of the management of the group?s financial process to Indonesia, the Cokal statement said.
Cokal said Moosa Fense, the company?s current CFO, has stepped down from the role to focus on other interests in Australia. Meanwhile, Duncan Cornish will continue as Joint Company Secretary.
?These appointments complete the re-organization of the Board and Management,? Cokal said. It added that Garry?s elevation to COO, focusing on the day-to-day running of the group, means that Peter Lynch will relinquish the CEO role and focus on leading the Board as Non-Executive Chairman focusing more on the strategic direction of the company and its development, and the ongoing discussions on the financing alternatives currently underway.
Editing by Reiner Simanjuntak