Coalcorp announces appointment of Charles Entrekin as Chief Executive Officer and Chairman of the Board
TORONTO, Aug. 17, 2011 /CNW/ --
TORONTO, Aug. 17, 2011 /CNW/ - Coalcorp Mining Inc. (TSXV: CCJ)
('Coalcorp') announces that Dr. Charles Entrekin has been appointed to
the positions of Chief Executive Officer ('CEO') and Chairman of the
board of directors of Coalcorp.
Dr. Entrekin has over 35 years of experience in the mining and metals
sector and possesses significant public company experience at the
executive officer level. He has served as President and Chief Operating
Officer of Titanium Metals Corporation, a NYSE listed producer of
primary titanium and its alloys, as well as President and CEO of
Timminco Ltd., a TSX listed magnesium, silicon and aluminum company.
Through his career Dr. Entrekin has led and implemented successful
restructurings and turnarounds of mining and metals companies in North
America and worldwide. Dr. Entrekin holds a B.Sc. from Lehigh
University, an MBA from the University of Delaware and an M.Sc. and
Ph.D. from Drexel University. Dr. Entrekin is also a director of Sierra
Rutile Ltd. a company listed on AIM.
Dr. Entrekin, who replaces Dr. Richard Lister following his resignation
for personal reasons as interim CEO and Chairman of the board of
directors, said 'we would like to thank Dick Lister for his
contribution to Coalcorp and the hard work he has put in as a director
and Chairman of the board of Coalcorp and more recently as CEO.'
Coalcorp anticipates retaining Dr. Lister as a consultant to facilitate
the transition of the CEO position to Dr. Entrekin. Coalcorp expects
to launch a search for a full time President/CEO, at which time Dr.
Entrekin will assume the duties of Chairman.
Forward Looking Statements Disclaimer
Forward Looking Statements made in this news release may be
forward-looking and therefore subject to various risks and
uncertainties. Such statements can typically be identified by
terminology such as ''may'', ''will'', ''could'', ''should'',
''expect'', ''plan'', ''anticipate'', ''believe'', ''intend'',
''possible'', ''continue'', 'objective' or other similar expressions
concerning matters that are not historical facts. Certain material
factors or assumptions are applied in making forward-looking statements
and actual results may differ materially from those expressed or
implied in such statements. Coalcorp does not undertake to update any
forward-looking statements; such statements speak only as of the date
made.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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Steven Cresswell
Chief Financial Officer
416-644-1217