Yancoal appoints new co-vice chair

Company News

by Jessica Amir

Coal producer and developer, Yancoal (ASX:YAL) has appointed a new co-vice chair, Gregory Fletcher.

Gregory is a familiar face at the company, and already chair of Yancoal’s independent board committee, as well as chair of the company’s audit and risk management committee.

He was previously a senior partner with a big four accounting firm where he specialised in internal and external audits, as well as risk management.

He joined the current co-vice chairs, (Baocai Zhang and Cunliang Lia) with effect from yesterday, 1 March 2018.

All this comes as the company announced a recovery in its result with its profit after tax swinging to $229 million in the 2017 year, recovering from its prior year’s $227 million loss.

Shares in Yancoal (ASX:YAL) closed 3.2 per cent higher yesterday at $0.16

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.