Jul 10, 2020

New Hope announces Stephan’s successor

New Hope announces Stephan’s successor

Reinhold Schmidt (pictured above) has been appointed as chief executive officer of New Hope Corporation, effective from September 1.

The New Hope Board said Mr Schmidt brought more than 20 years’ experience in the mining industry.

His most recent role was as chief executive officer of Yancoal Australia, from August 2013 until March this year.

He has also served as the executive general manager of the Wandoan Project for Xstrata Coal (February 2008 to February 2009) and was the chief operating officer of Xstrata Coal Queensland from March 2009 to June 2013.

His appointment follows the announcement in May that Shane Stephan will retire from New Hope as chief executive officer and managing director on August 31.

“We look forward to Reinhold joining the company,” chairman Robert Millner said.

“He is an experienced mining executive whose strategic focus and deep understanding of the Australian coal industry will benefit the company. Reinhold joins a talented management team who will continue to drive performance for the company’s 80 per cent interest in and management of the Bengalla Mine while navigating through a challenging period of lower coal prices and an ongoing process to obtain approvals for New Acland Stage 3.”

Retiring New Hope chief executive officer and managing director Shane Stephan.
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