REG - Bens Creek Group PLC - Appointment of CEO for Bens Creek Operations LLC

Bens CreekAnnouncement

22/02/2024 07:00

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RNS Number : 0117E  Bens Creek Group PLC  22 February 2024

22 February 2024

 

Bens Creek Group plc

("Bens Creek" or the "Company" or the "Group")

 

Appointment of CEO for Bens Creek Operations LLC

 

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in
North America supplying the steel industry, is pleased to announce that Chris
Walker has been appointed as Chief Executive Officer of Bens Creek Operations
LLC ("BC Operations"), a wholly owned operating subsidiary of the Group. Chris
will commence his employment with BC Operations on 6 March 2024. It is
anticipated that following completion of the customary due diligence process
by the Company's nominated adviser, as required under the AIM Rules, Chris
will join the Board of the Company and at that time become CEO of the Group.

 

Following the appointment of Chris Walker as CEO of BC Operations, Adam Wilson
will step down as CEO of BC Operations but will remain on the Board and CEO of
the Group until Chris joins the Board as CEO of the Group. Following this,
Adam will assume a position as an Executive Director of the Group for a
further period of time, to be agreed. Adam will also remain an employee of BC
Operations until 31 October 2024 to assist in the orderly handover of
responsibilities to Chris.

 

Chris is a seasoned executive with extensive global leadership experience in
the mining sector. Chris spent 14 years with Peabody Energy, Inc. ("Peabody")
in a variety of senior finance, strategy and marketing roles. Notably Chris
served as Peabody's head of strategy and more recently led Peabody's
international sales and trading organisation while based in Australia. Prior
to joining Bens Creek, Chris served as the Chief Financial Officer and Chief
Restructuring Officer for Allegiance Coal Limited's U.S. assets. Chris began
his career in accounting roles with Arthur Andersen and KPMG. Chris holds
graduate business degrees from Washington University in St. Louis and Clemson
University, as well as an undergraduate degree in accounting from Clemson
University.

 

At present, the Board of Bens Creek remains unchanged and comprises Adam
Wilson (Chief Executive Officer), Robin Fryer (Non-Executive Independent
Chairman), David Harris (Non-Executive Independent Director), Mark Cooper
(Non-Executive Director) and Rajesh Johar (Non-Executive Director).

 

Adam Wilson, CEO of Bens Creek, commented:

 

"It has been my absolute pleasure to be involved in Bens Creek right from the
very start. I am confident with the full remediation of the business and that
with the start-up problems now behind us, Chris will be able to take the
business to the next level and I look forward to warmly welcoming him into the
Company.

 

Chris has all the relevant experience to establish Bens Creek as a fully
integrated HvB met coal producer to both the domestic and international
markets, and as a significant shareholder I look forward to the next chapter
for Bens Creek under his leadership."

 

For further information please contact:

 

 Bens Creek Group plc                                            +44 (0) 204 558 2300

 Adam Wilson, CEO

 Peter Shea, Chief of Staff

 Allenby Capital Limited (Nominated Adviser and Joint Broker)    +44 (0) 203 328 5656

 Nick Athanas / Nick Naylor / George Payne (Corporate Finance)

 Kelly Gardiner / Guy McDougall (Sales and Corporate Broking)

 WH Ireland Limited (Joint Broker)                               +44 (0) 207 220 1666

 Harry Ansell / Katy Mitchell

 

 

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