Australian Pacific Coal (ASX:AQC) has announced its Chief Executive Officer David Conry AM is retiring from his role and has resigned as Executive Chairman, with effect immediately.
Australian Pacific Coal's Independent Director Mike Ryan has been appointed as Interim Chairman, and Ms. Ayten Saridas will be the Interim CEO and an Executive Director on its board.
The company thanked Mr Conry for his leadership through a period of significant challenges and transformation for the company, as well as the Dartbrook coal project, targeted for the second half of this year.
Following the announcement, shares of Australian Pacific Coal (ASX:AQC) were down 10%.