Steve Beaumont new Group FD at ATH Resources

 In Uncategorized

ATH Resources plc, one of the UK’s largest coal producers, has announced the appointment of Steven Beaumont to the Board of the Company as Group Finance Director, with effect from 9 October 2006. Richard Croston, currently Finance Director, will relinquish his position but remain as Company Secretary to the PLC and Finance Director of the Group’s mining subsidiaries.

Steven Beaumont, 43, has spent the majority of his career with United Utilities where, since 2001, he held the senior positions of both Finance Director, and then Commercial Director of United Utilities’ North West Division. Last year the division turned over 1 billion pounds. As Commercial Director he managed over 1,000 people responsible for the investment delivery programme, front line network customer service, commercial activities, supply chain, legal, and business services . He was Group Financial Controller from 1998 to 2001. He is a chartered accountant having previously worked for Arthur Andersen and Deloitte Haskins and Sells.

The Company also announces that Alistair Black, Operations Director, will also be appointed as Managing Director of Aardvark TMC Ltd on 9 October. Aardvark TMC Ltd is a wholly owned subsidiary of ATH Resources that operates the Skares Road site. Alistair joined the Group in 1998 as Operations Manager for the Skares Road mine and became Operations Director in 2000.

Commenting on the appointments, Tom Allchurch, Chief Executive of ATH Resources, said: “Following the successful acquisition of Ogden, coupled with the Group’s continued growth prospects it is clear that there was an increased requirement to split the financial role between the Group and its operating subsidiaries. Therefore the Board is delighted to welcome Steven whose extensive experience will be of great value going forward. Richard’s proven track record with ATH will ensure that there is excellent financial management throughout the Group.

Alistair’s long term experience and success with the Group makes him the perfect candidate for his elevated role. Both appointments will further strengthen the highly experienced management team, as ATH continues to grow organically and through acquisition.”

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