Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Appointment of Executive Chair and Lead Independent Director
On January 15, 2023 (January 16, 2023 in Australia), at the recommendation of
the Compensation and Nominating Committee of the Board of Directors (the
"Board") of Coronado Global Resources Inc. (the "Company"), the Board appointed
Garold Spindler, the Company's current Managing Director and Chief Executive
Officer, to the position of Executive Chair, with such appointment to be
effective immediately following the Company's 2023 Annual General Meeting of
Stockholders, which is expected to be held on or about May 24, 2023 (May 25,
2023 in Australia) (the "Effective Date"). As Executive Chair, Mr. Spindler will
continue to serve as a member of the Board. In connection with Mr. Spindler's
appointment as Executive Chair, on January 15, 2023 (January 16, 2023 in
Australia), at the recommendation of the Compensation and Nominating Committee
of the Board, the Board appointed William (Bill) Koeck, the current Chair of the
Board, to serve as the Deputy Chair and Lead Independent Director of the Board,
effective as of the Effective Date.
Mr. Spindler, age 75, has served as the Managing Director and Chief Executive
Officer of the Company since August 2018 and, prior to that, served as the Chief
Executive Officer of Coronado Group LLC from its formation in 2011 until
October 2018. He served as the Chief Executive Officer at Coronado Group HoldCo
LLC from December 2017 until August 2018. Mr. Spindler has more than 30 years'
experience in the coal industry and has held several key executive positions at
some of the world's largest coal companies, including Chief Executive Officer of
UK Coal, President and Chief Executive Officer of Amax Coal Company (U.S.), and
President and Chief Executive Officer of Pittston Coal Company. Mr. Spindler is
also the owner and chairman of St. Cloud Mining, a producer of natural zeolites
in North America. Mr. Spindler earned both a B.S. and M.S. in Mining Engineering
from West Virginia University, and a Masters of Management from Stanford
University.
There are no family relationships between Mr. Spindler and any director,
executive officer or person nominated by the Company to become a director or
executive officer, and there are no transactions between Mr. Spindler or any of
his immediate family members, on the one hand, and the Company or any of its
subsidiaries, on the other, that would be required to be reported under Item
404(a) of Regulation S-K.
The terms of Mr. Spindler's employment as Executive Chair (including
compensation) will be determined by the Board prior to the Effective Date.
Appointment of New Chief Executive Officer
On January 15, 2023 (January 16, 2023 in Australia), the Board appointed Douglas
G. Thompson, the Company's current Chief Operating Officer, Australia, to the
position of Chief Executive Officer, effective as of the Effective Date.
Mr. Thompson, age 50, has served as the Chief Operating Officer, Australia, of
the Company since September 2021. Mr. Thompson has more than 25 years'
experience in the mining industry, including as Managing Director and Chief
Executive Officer of Thiess, an affiliate of the CIMIC Group, an engineering-led
global mining services company, from October 2017 to July 2021. Prior to his
role of MD and CEO, Mr. Thompson held leadership positions within the CIMIC
Group of companies, including CPB Contractor, Sedgman and Thiess. Prior to
joining the CIMIC Group, Mr. Thompson held senior roles with Gold Fields
Limited, a gold mining company, headquartered in South Africa. Mr. Thompson
holds a National Higher Diploma in Mechanical Engineering from Cape Peninsula
University of Technology, a Bachelor of Science (Honors) Engineering Mining from
the University of Witwatersrand and has completed an International Executive
Development Program with the University of Cambridge Business School, University
of Witwatersrand. Mr. Thompson is also a Chartered Professional Engineer and
Fellow of Engineers Australia and AusIMM.
There are no family relationships between Mr. Thompson and any director,
executive officer or person nominated by the Company to become a director or
executive officer, and there are no transactions between Mr. Thompson or any of
his immediate family members, on the one hand, and the Company or any of its
subsidiaries, on the other, that would be required to be reported under Item
404(a) of Regulation S-K.
The terms of Mr. Thompson's employment as Chief Executive Officer (including
compensation) will be determined by the Board prior to the Effective Date.
2
Group Chief Financial Officer
On January 15, 2023 (January 16, 2023 in Australia), the Company announced that
Gerhard Ziems, the Company's current Group Chief Financial Officer, will, in
addition to his current duties, assume responsibility for the Company's sales
and marketing operations as well as strategic investment activity, effective as
of the Effective Date. Any material changes to Mr. Ziems' employment terms in
connection with these additional responsibilities (including compensation) will
be determined by the Company prior to the Effective Date.
3© Edgar Online, source Glimpses
CORONADO GLOBAL RESOURCES INC. 
