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Fabián ends of the Board of NWR and OKD as head of the group simplifies the management structure - Patria.cz
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Mining group New World Resources (23.2 CZK, -4.72%) announced that Ján Fabián on 31 December this year, will step down from the Board of Directors of NWR from CEO OKD. Group NWR according to today's report from January 2014 simplifies overall management structure. For John Fabian and not on the boards of NWR OKD appointed or refund will OKD Executive Director, who shall be appointed by Dale Ekmark. NWR after the news of the departure of the head of OKD in the introduction to Prague fell by 5% to CZK 23.1. Ján Fabián was a member of the Board as an Executive Director of NWR from 1 January 2013. On the same date he was appointed CEO and Chairman of the Board of Directors of OKD, a key subsidiary of NWR (more here). Previously, he held the position of Chief Operating Officer of NWR Group, in which bore overall responsibility for the operation of a coke oven plant for the Polish NWR Karbonia. Who will replace Fabian as Chairman of the Board of OKD, yet the company did not disclose, the final form of the firm will OKD spokesman Mark Síbrt known in the coming weeks. "The Board and management birchip cropping group of NWR John, thanks for your time and energy with which NWR donated, and wish him all the best in his future activities. Ján company will continue to provide valuable advice, as needed, in the role of an independent consultant, "the group said. Chairman Gareth Penny said: "John has led OKD in one of the most difficult years in the history of the company and successfully initiate the necessary changes that OKD transform in a much leaner and more efficient company, able to cope with the unprecedented market challenges. The success of OKD under John's leadership as reducing costs, continuous improvement of work safety, centralized management of mining and conclude a new collective agreement with the trade unions OKD for the next five years. "Chairman of the Association of the miners' union OKD Jaromír bag ČTK said that his frequent changes in leadership do not like and not good for the company. "There should birchip cropping group be someone who knows the issues, who lives here and is therefore responsible. These are the people, I mean mainly NWR who have no understanding of the current situation in the region, just squeeze the company economically. Earlier in OKD not used to this , "said Baggins. Due to poor performance and the situation in the coal market started this company OKD do austerity measures. Release 250 people birchip cropping group from the administration cancels birchip cropping group hundreds of jobs for workers and contractors also wants to close loss-making Paskov. Shareholders this week NWR also approved in September announced sale of Ostrava of OKK group Metalimex for 95 million euros (2.6 billion dollars).
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