The process to identify a suitable successor with significant public listed company, business and investor experience has been initiated. The Company will make an announcement in due course.
Commenting on the announcement, Lisa Clement, Senior Independent Director, said:
“Jonson has served Harworth for seven years. These seven years have seen Harworth, or UK Coal plc as it was then known, evolve from a near-insolvent, over leveraged mining business with a capital constrained and non-performing property portfolio to a successful, ambitious and growing property company, delivering an annual double-digit return over the past four years. On behalf of the Board and all of our employees, I thank Jonson enormously for his significant contribution to the Company and leadership during this time.”