Coronado Global Resources CEO Douglas Thompson resigns

The news: Coal producer Coronado Global Resources has announced that CEO and managing director Douglas Thompson has resigned.

The context: Coronado’s board has commenced a recruitment process for a new chief executive. Thompson will remain with the business during a transition period.

Subject to board approval, Coronado’s executive chair and former chief executive Gerry Spindler will take the role of interim CEO and Greg Pritchard will transition to interim chair of the board.

Coronado also announced that its chief development officer and former chief operating officer Jeff Bitzer, who has been with the company since its inception, will step back from full-time duties. He will continue with the business on a part-time basis from 1 March.