Buffalo Coal, which mines in the Zwa-Zulu Natal area, announced the notice of resignation of Malcolm Campbell as CEO, Sarah Williams as CFO and the company’s corporate secretary.
The company did not reveal the reason for the resignations.
“We regret that two members of senior management have decided to leave the company, but will ensure that the necessary plans are put in place to effect a smooth transition,” says Craig Wiggill, Chairman of Buffalo Coal.
Campbell and Williams will continue in their current roles for a period of three months to facilitate the implementation of an orderly succession plan.
The board thanked Campbell and Williams for their contributions to Buffalo Coal and wishes them well in their future endeavours.
Campbell is a Professional Certified Mining Engineer with 25 years industry experience and prior to joining Buffalo Coal as CEO in 2011, he was COO for an exploration and development joint venture operating in Botswana.
Campbell has also completed a number of career enhancing courses at globally recognised institutions in both the engineering and business fields.
In addition, Williams is a Chartered Accountant (SA) with nine years’ experience in the corporate finance industry, before joining Buffalo Coal as Vice President – Finance in 2012.
Her expertise is in the resource sector where she has played key roles in company listings and IPOs, mergers and acquisitions, restructurings and debt and equity capital raisings.
She has advised on numerous transactions in the coal, gold, diamonds and iron ore sectors.
Prior to joining Buffalo Coal, Williams was with Sasfin Bank, a South African bank listed on the Johannesburg Stock Exchange