14 Mar 2013 16:42
Amsterdam, 14 March 2013
Resignation of Director
New World Resources Plc ('NWR' or the 'Company'), announces that Mr. Klaus-Dieter Beck resigned from the Board of Directors of NWR (the 'Board'), with the resignation taking effect from 31 March 2013.
Mr. Beck joined the Board on 8 April 2011 as an Executive Director, and since 12 June 2007 has served as CEO and chairman of the board of directors of OKD, a.s. ('OKD'). Following his retirement as CEO of OKD as of 31 December 2012, he became a Non-Independent Non-Executive Director of NWR.
The Board and management of NWR would like to thank Mr. Beck for his time and services provided to NWR. We wish him well in his future business ventures.
Mr. Jan Fabian, CEO of OKD and Executive Director of NWR, said: "Klaus who served as CEO of OKD between the years 2007-2012 transformed the once state-owned OKD with many legacies and operational issues into the regional leading coal mining company with strong and improving safety record and operational efficiency. As a director of NWR he brought to the table his invaluable experience and insights in the field of deep underground coal mining. His thorough knowledge of German, American, as well as other coal mining businesses globally helped NWR in establishing an operational platform we can build upon."
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For further information contact Investor Relations:
Tel: +31 20 570 2244
Email: ir@nwrgroup.eu
Website: www.newworldresources.eu
About NWR:
New World Resources Plc is one of Central Europe's leading hard coal and coke producers. NWR produces quality coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary OKD, the largest hard coal mining company in the Czech Republic. NWR's coke subsidiary OKK, is Europe's largest producer of foundry coke. NWR currently has several development projects in Poland and the Czech Republic, which form part of NWR's regional growth strategy.
In 2013 the Company announced a strategic outlook to reposition NWR into Europe's leading miner and marketer of coking coal by 2017.
NWR is a FTSE 250 company, with listings in London, Prague and Warsaw.