(EnergyAsia, February 28, Thursday) — Noble Group Limited, a global supply chain manager of agricultural, industrial and energy products, said it has appointed Gavin May, Gloucester Coal’s former CEO, and former CFO Barry Tudor, to lead Noble’s coal asset strategy in Australia.
The company’s Australian coal assets include coking and thermal coal mines in the states of New South Wales and Queensland, through a majority interest in Donaldson Coal Pty Ltd, which owns coal mines in the Hunter Valley, a 19.7% interest in Gloucester Coal Ltd, a 30% interest in the Middlemount Coal Project, and potential strategic joint venture investments with Macarthur Coal in Monto Coal and Dingo West Projects.
The two executives will utilise their listed company and coal industry experience to shape Noble’s business and financial strategy in relation to Australian coal assets. They will join the Noble Energy Inc senior management team. Noble Energy Inc is a wholly-owned subsidiary of Noble Group Limited.
Noble Group CEO, Richard Elman, said: “We are extremely pleased to have executives of the calibre of Gavin and Barry joining Noble at such a critical stage of the organisation’s expansion into asset ownership. They bring with them a strong, industry specific skill set which will allow Noble to advance its coal asset strategy. Noble now has all the ingredients to assemble and develop a highly successful coal company.”
Noble Energy director Will Randall said: “Gavin and Barry have proven themselves to be a solid management team delivering results in the Australian coal sector over many years. We look forward to them getting involved in our asset platform and taking it to the next level. This is another step in the progression of our coal asset strategy.”
Singapore-listed Noble Group manages a diversified portfolio of raw materials from over 80 offices in more than 40 countries. An experienced team of 10,000 people serve approximately 4,000 customers.