Solid Energy chair Palmer to step down this year to smooth partial privatisation

Fri, 22 Jun 2012

By Paul McBeth June 22 (BusinessDesk) - State-owned coal miner Solid Energy’s chairman John Palmer will step down this year to help smooth the transition away from full Crown ownership. The sale of up to 49 percent of the mining company will an intense process, and Palmer's personal situation means he won't be able to continue when his term ends next year, he said in a statement. "This will create a heavy workload for the board and the chairman," he said. "It is preferable to allow a new chair to get well-established as soon as possible to...

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