Exalt appoints new CEO
Thursday, May 3 2012 - 04:15 AM WIB
Australia-listed Exalt Resources Limited has recently announced the appointment of leading senior coal executive Barry Tudor as company CEO and Managing Director, effective immediately.
Tudor will lead the commercial development of Exalt in its objective to become a significant mid-tier Indonesian coal producer.
Exalt previously announced on April 5, 2012 the proposed acquisition of ODNI Pte Ltd, a Singaporean based coal investment company which has secured the options to purchase a number of highly prospective coal projects in the Kalimantan, Sumatra and West Papua regions as a platform for future development.
One of Tudor's first tasks will be to oversee completion of the ODNI Transaction.
Tudor was previously the Managing Director of Noble Resources Australia, responsible for Noble's operations and investments in Australia. He was also Senior Vice President - Strategy for the Energy Coal & Carbon Complex division of the Noble Group.
Prior to this, Tudor was CEO and Managing Director of Gloucester Coal Ltd, an ASX-Iisted coal producer with operations in NSW and Queensland. During his time as CEO the market value of the company increased more than 300% to more than 1.8 billion dollars and he was named as a "top 100 value creator" in 2007 for his role in the executive leadership of Gloucester Coal.
He has led significant acquisitions, capital raisings and mining expansions, and has demonstrated his ability to formulate strategic vision and advance expansion plans with proven value creation.
Editing by Audy Zandri