Yancoal has announced that Helen Gillies has stepped down as a Yancoal independent non-executive director.
The resignation took effect from February 9. As a result, Gillies has also stepped down from her roles as chair of the Yancoal nomination and remuneration committee and as a member of the company’s audit and risk management committee.
Gillies, who first joined Yancoal in January 2018, cited her intention to devote more time to other business engagements as the reason for her departure.
During her tenure at Yancoal, she has overseen many corporate initiatives, including the dual listing on the Hong Kong Exchange.
“The board extends its sincere gratitude to Ms Gillies for her invaluable service and significant contributions to the company over the past six years since joining the board,” Yancoal said. “The board wishes Ms Gillies all the very best in her future endeavours.”
With the current Yancoal board comprising one executive director, four non-executive directors and two independent non-executive directors, the company has commenced the search process for a new independent non-executive director.
Yancoal recently released its December 2023 quarter report, which confirmed a four per cent increase in coal production, among other highlights.
The company has also recently contributed to a $4400 donation to the Collie Skate Park through the Premier Coal community support program and raised mental health awareness through the ‘not weak to speak Wednesday’ initiative.
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