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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist 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 as a financial planner and real estate agent.