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FSE - Firestone Energy Limited - Managing Director Credentials
FIRESTONE ENERGY LIMITED
(formerly Centralian Minerals Limited)
(Registration number: ABN 058 436 794)
(SA company registration number: 200/023973/10
Share code on the JSE: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
("FSE" or "the Company")
MANAGING DIRECTOR CREDENTIALS
Herewith the resume for the new Managing Director for Firestone Energy Ltd
(FSE), Mr. John Wallington, effective from 1st November 2009.
Mr Wallington, who is based in Johannesburg, brings a wealth of coal experience
to this new executive position. For the last 11 years of his 27 years with Anglo
Coal, he has held very senior executive positions such as Senior Vice President
(1997 - 2001) and CEO (2001 - 2008).
A mining engineer by profession, Mr Wallington has extensive practical,
technical and corporate experience that is necessary to oversee the
implementation and final development of the BFS for FSE`s coal assets in the
famous Waterberg Coal Region located at the north end of South Africa
John Nicholas Wallington
Career Profile
- An experienced high calibre Mining Executive with a proven track record in
delivering results and transforming a global organisation.
- Possesses solid business knowledge and experience and has extensive skills
in managing open cast and underground operations over multiple sites and
countries.
- A demonstrated strength in people management with an ability to determine a
vision and impart this to all levels of the organisation, thereby creating
an environment where people can perform at high levels.
- A recognised champion for safety with results to support this commitment.
- Possesses high drive and energy and acts consistently with own stated
values and beliefs.
Education
1980: BSc Mining Engineering (University of the Witwatersrand)
2002: London Business School (Senior Executive Programme)
2005: Harvard Business School (Executive Programme in Strategy and Organisation)
Professional Experience & Achievements
Independent
May2008-Present
Since leaving Anglo American main activities have been;
- Joined Boards of Keaton and Firestone Energy as Independent Non Executive
director.
- Involved in a number of Consultative Technical and Due Diligence type
projects with several Companies based mainly in SA and including Indonesia
and Australia.
Anglo American Pty Ltd - Anglo Coal Division 1981 -2008
Anglo American is one of the world`s largest mining and natural resource groups.
With its subsidiaries, joint ventures and associates, it is a global leader in
platinum and diamonds and has significant interests in coal, base and ferrous
metals. The Group is geographically diverse with operations in Africa, Europe,
South and North America, Australia and Asia.
Anglo Coal is one of the largest and most profitable private coal companies in
the world with ownership (wholly owned and in Joint Ventures) in 20 mines in
South Africa, Australia, South America and Canada and interests in China. It
has produced over 90 mtpa during the past 3 years and is expected to increase to
over 100mt in 2008.
CEO Anglo Coal Jan 2005 - May 2008
Responsible for the management of the Coal Division which has a turnover of
+$3,5bn, and estimated operating profit of over $1,5bn for 2008. The
Division employs over 20,000 people including contractors.
Achievements:
- Developed and implemented the Coal Division Strategy, which integrated the
vision and direction of the business unit with profit, safety, operational
performance and strategic growth targets.
- Established a Global Management Structure and capability to meet the
strategic goals of Global Expansion.
- Successfully acquired a Canadian operation in early 2007 and progressed its
expansion.
- Developed the Anglo Coal profile in China and India.
- Played a major role in the completion of Black Empowerment transaction in
2007 that enabled Anglo Coal (SA) to meet its Transformation targets.
- Recruited high performing Regional CEO`s in South Africa and Australia and
key members of the Global Executive team.
- Built a highly effective Executive team with shared values and aspirations.
- Progressed a number of new projects through approval into construction and
production in SA and Australia.
- Completed M&A acquisition in Australia end 2007.
- Total production during the period increased from 90 mtpa in 2005 to an
expected 105 mtpa in 2008.
- Built and maintained relationships with customers and government officials
across a diverse range of cultural backgrounds.
- Implemented a global Asset Optimization and Operational Improvement model
aimed at benchmarking and sharing best practice globally.
- Led the development of a single global Safety Strategy and Plan with
performance improving by some 25% over the 3 years period, based on lost
time and recordable injury rates.
Previous Positions in Anglo Coal:
Regional CEO (South Africa) June 2001 - Dec 2004
Anglo Coal SA comprises 9 major collieries, producing 34mt to Eskom (National
Electricity supplier) and
exporting 18mt annually of primarily thermal coal. Production is sourced
approximately 50% from
opencast and underground methods, employing 8 000 people. A mine producing 5
mtpa was approved
for supply to Sasol coming on stream in 2006.
Achievements:
- Initiated successful transformation programme which aimed at changing the
culture and modus operandi of how the company was managed. This has
resulted in a people focussed, performance based business that has adapted
well to the changing needs and circumstances of the political and social
environment of the country it operates in (SA).
- Production and profits consistently exceeded budget.
- Improved safety performance (LTIFR improved by 40%; TRCFR by 16%).
- Increased production from 47 mtpa to 55 mtpa during this period.
Senior Vice President 1997 - 2001
Responsible for the management of the opencast and then underground operations.
Led safety and operational initiatives to substantially increase the
profitability of these operations.
General Manager (Kleinkopje Colliery) 1994 - 1997
Responsible for the management of the Kleinkopje opencast mine producing 5 mtpa
of export product. During 1997, was also responsible for managing the adjacent
Landau Colliery and achieved a turnaround in performance.
Changed hostile management-union relationships to a more effective and trusting
association.
Early Career Positions:
Assistant Manager (Kleinkopje Colliery) 1990 - 1994
Underground Manager (Arnot Colliery) 1989 - 1990
Opencast Manager (Arnot Colliery) 1986 - 1988
Assistant Pit Superintendent (Kriel Colliery) 1984 - 1986
Mining Graduate (Arnot Colliery) 1981 - 1984
The above positions were operational with responsibility for the day to day
running of the specific colliery as part thereof.
Main contributions made were in the areas of; development of people; initiating
and improving operations through improved planning, use of different technology
and leadership.
For more information please contact:
Garth Higgo
Chief Executive Officer
+61 (08) 9381-2755
www.firestoneenergy.com.au
Pretoria
23 October 2009
Sponsor and Corporate Advisor
River Group
Date: 23/10/2009 08:57:27 Supplied by www.sharenet.co.za
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