Yaomeng Xiao has resigned as a non-executive director of the Yancoal board.
Citing “adjustments in work arrangements”, Xiao’s resignation took effect on September 18 and also saw him leave Yancoal’s nomination and remuneration committee.
Xiao first joined Yankuang Energy in 1994. Yankuang Energy is a subsidiary of the Yankuang Group, as is Yancoal.
Most recently, Xiao was appointed as Yankuang Energy’s general manager in July 2021 and director in August 2021.
Prior to that, Xiao was appointed as the manager of Yankuang Energy’s Jining No. 3 coal in China in July 2018 and deputy general manager in April 2020.
Xiao’s other previous roles in the global mining industry include being the director of the safety inspection department of the Dongtan coal mine in China in 2013, the chairman and general manager of Guizhou Wulunshan Coal Mining Company in 2014, and the deputy general manager of Yankuang Guizhou Neng Hua Company in 2016.
“Xiao was appointed as a (Yancoal) director on May 30 2022 and during his tenure Yancoal delivered a record profit in 2022, repaid the last of its external loans and began fully franking its dividends,” Yancoal said.
“The board extends its sincere gratitude to Xiao for his significant contributions to the company over the past two years since joining the board. The board wishes Xiao all the very best in his future endeavours.”
Last week, Yancoal announced it will be included in the S&P/ASX 200 index, which will take effect prior to the open of trading on September 23.
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