{"id":257999,"date":"2020-05-13T13:46:21","date_gmt":"2020-05-13T03:46:21","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=257999"},"modified":"2020-07-11T10:05:54","modified_gmt":"2020-07-11T00:05:54","slug":"new-hope-ceo-to-retire","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2020\/05\/13\/new-hope-ceo-to-retire\/","title":{"rendered":"New Hope CEO To Retire"},"content":{"rendered":"
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New Hope CEO and managing director Shane Stephan … retiring in August (Photo: New Hope)<\/figcaption><\/figure>\n

May 13, 2020<\/strong><\/p>\n

New Hope CEO and Managing Director Shane Stephan will be retiring from the helm of the coal miner on August 31.<\/p>\n

Mr Stephan, who has been at New Hope for 11 years, has been guiding the company through its long – and still unresolved – campaign to gain approval for the Stage 3 expansion of the Acland coal mine.<\/p>\n

“Shane has led the company through challenging times associated with the process of seeking approvals for the New Acland Stage 3 extension,” chairman Robert Millner said in a statement to the ASX.<\/p>\n

“He has also led the company through a period of growth, with the acquisition of the company’s 80 per cent interest in the Bengalla Mine (near Muswellbrook in NSW).<\/p>\n

“Sales tonnages have more than doubled during his tenure as CEO whilst the company has maintained its record of tight cost control.”<\/p>\n

Mr Millner said consultants Korn Ferry had been appointed to assist with the process of selecting an appropriate successor to Mr Stephan.<\/p>\n

Mr Stephan said he had started his career 39 years ago as a cadet mine manager in the Ipswich coal fields.<\/p>\n

“I have had the privilege of undertaking many roles in my career, culminating in my current role as CEO of New Hope,” he said.<\/p>\n

Mr Stephan joined\u00a0New Hope Corporation as Chief Financial Officer in September 2009 after holding executive positions with Macarthur Coal.<\/p>\n

He was appointed CEO on February 1, 2014, and then Managing Director on November 20, 2014.<\/p>\n

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