Ambre Energy appoints Terry O’Reilly as Chairman
Australian and US thermal coal mining and export company Ambre Energy Limited today announced the appointment of Terry O’Reilly as non-executive Chairman. This follows his appointment as a director last month.
Mr O’Reilly succeeds Mr David Usasz who has chaired the company for the last 3 years and remains on the board as a non-executive director.
Mr O’Reilly is one of Australia’s most experienced resource and energy industry executives, with extensive board, chief executive and senior executive experience in Australia and internationally.
Retiring Chairman David Usasz welcomed Mr O’Reilly, saying his broad experience would make him a significant asset to the Ambre Energy team.
“We are confident that Terry will make a valuable contribution to the success of Ambre Energy in building a vertically-integrated business which sells US thermal coal to customers in Asia and Europe,” Mr Usasz said.
“He brings unique insights into mining operations and world coal markets which will help us to continue our successful strategy of optimizing coal assets in the US and developing the infrastructure to supply export markets with high-quality thermal coal.”
Mr O’Reilly was on the board of Macarthur Coal from October 2008 to October 2011 and served on the Audit and Special Projects Committees and as Chair of the Nomination and Remuneration Committee.
He is currently the Chairman of Superior Coal, an unlisted public company specializing in the processing of waste coals and a non-executive director with Thomas & Coffey Limited.
Previously, he served as Managing Director of Conzinc Asia based in Singapore, Managing Director of Pacific Coal based in Brisbane, and Managing Director of Coal and Allied Industries based in Sydney.
He has also served on the boards of Port Waratah Coal Terminal and Dalrymple Bay Coal Terminal, as Chairman of the Australian Coal Association, Queensland Coal Operators, the NSW Minerals Council, and the World Coal Institute Promotions Committee and was President of the Australian Philippines Business Council.
Mr O’Reilly thanked outgoing chairman David Usasz for his valued contribution to the company over the last three years, noting that this period had seen the company successfully transform from an emerging junior to a substantial operating resource company.
Ambre Energy Limited is planning an Australian Securities Exchange listing mid-2012.
ENDS
Media enquiries: Andrew Crook - 0419 788 431
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