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Dr Don Elder resigns as Solid Energy CEO

4 February 2013
Dr Don Elder resigns as Solid Energy CEO

Solid Energy's Chief Executive Officer (CEO), Don Elder, has announced his resignation from the company today, after discussions that have been underway for some time. He has decided to step down immediately as CEO but to remain available to work for the company for a period to assist with a transition.

Dr Elder said that as the company worked its way out of the major global market downturn in 2012, including significant restructuring, the Board would be considering many future changes. He believed it was appropriate, and the right time, for the future direction of the company to be led by a new Chief Executive, and he would support this fully in any way sought by the company.

Chairman Mark Ford said that under Dr Elder's leadership since May 2000 Solid Energy had grown and developed substantially and achieved many successes. The Chairman would like to thank Dr Elder for his 12 years of loyal service to the company.

Dr Elder said his decision was consistent with his belief that the company had a strong future once it worked its way out of the impacts of the market downturn. He wanted to thank the many people in the company who had contributed to its past success and he wished the company every success in the future.

The Board will recruit a new Chief Executive in due course. Garry Diack, previously the company’s Group Manager Organisational Development and Performance, will be the interim CEO until such time as an appointment is made.

ENDS

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