RE:RE:May I Introduce Mr Malcom Campell Strange departure by Malcolm.
Mind you, the share price for Buffalo Coal is at .01 cent and 2 executives and one director have resigned in July.
Buffalo Coal CEO Malcolm Campbell leaves — Strange departure
(management-change.com) – Toronto, Ontario, July 26, 2016 – It is a strange departure. Malcolm Campbell, chief executive of Buffalo Coal, leaves. As announced by Buffalo Coal Corp. in a news release on Tuesday, July 26, 2016, Malcolm Campbell leaves the post as Chief Executive Officer at the coal producer in southern Africa after almost three years on the job.
No company wants a CEO to flame out in the first years.
Buffalo Coal will undertake a search for a successor.
CFO Sarah Williams leaves
Buffalo Coal also announced the notice of resignation of Sarah Williams as Chief Financial Officer and Corporate Secretary.
No reason given
In the announcement, Buffalo Coal did not explicitly explain the reason for the management change, leaving room for speculation.
Buffalo Coal said: “Buffalo Coal Corp. … announces the notice of resignation of Mr. Malcolm Campbell as Chief Executive Officer and Ms. Sarah Williams as Chief Financial Officer and Corporate Secretary.”
Precise information about the future plans of Campbell was not immediately available.
Campbell and Williams will continue in their current roles for a period of three months.
Chaired by Craig Wiggill
Buffalo Coal is chaired by Craig Wiggill.
Wiggill has held management, executive and directorship positions on several international mining and marketing companies in the coal sector and, as CEO of Coal Americas at Anglo American plc. was responsible for all of that company’s coal activities in North and South America.
On the job since May 2014
Malcolm Campbell has been the Chief Executive Officer of Buffalo Coal Corp. (formerly known as Forbes and Manhattan Coal Corp.) since May 1, 2014 and served as its Chief Operating Officer since June 13, 2011.
Campbell is a Professional Certified Mining Engineer with 25 years industry experience and prior to joining the Company as Chief Operating Officer in 2011, was Chief Operating Officer for an exploration and development joint venture operating in Botswana.
Prior to this, he spent more than 20 years with Anglo Coal, a wholly-owned subsidiary of Anglo American plc.
Campbell received his B.Sc. in Mining Engineering from the University of Witwatersrand in 1985 and is currently a member of the South African Institute of Mining and Metallurgy and the South African Colliery Managers Association – having served on the Council for two terms.
Campbell has also completed a number of career enhancing courses at globally recognized institutions in both the engineering and business fields.
Unplanned
Generally speaking, when a top leader announces to step aside with no successor in place, it is a signal that the change was unplanned and too early.
Possible causes for an unplanned management change may be, among others, disagreement, urgent family reasons, health reasons or surprising new career opportunities.
3 signs for push-out forces
It is not completely certain what forces eventually triggered Malcolm Campbell’s move.
According to the assessment of management-change.com, three signs suggest that …
Read more in the management-change.com report ($).