Leadership changes at Coronado Global Resources (CODQL) as CEO plans exit
Rhea-AI Filing Summary
Coronado Global Resources Inc. is planning significant leadership changes as Chief Executive Officer and Managing Director Douglas G. Thompson has informed the company of his resignation to pursue new opportunities. He will remain in his role during a transition period while a global search for a new CEO is conducted.
The company also announced that Chief Development Officer Jeffrey D. Bitzer will resign his full-time role effective 28 February 2026, after which he will continue on a part-time basis focusing on major projects. Subject to Board approval, Executive Chair and former CEO Gerry Spindler is planned to serve as Interim CEO, with Greg Pritchard expected to become Interim Chair, supporting continuity as the succession process unfolds.
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Insights
Coronado announces planned CEO and CDO exits with interim succession.
Coronado Global Resources Inc. is undergoing a major leadership transition, with CEO & Managing Director Douglas Thompson and Chief Development Officer Jeff Bitzer both resigning. Thompson remains during a transition period while a global CEO search is underway, indicating a structured succession rather than an abrupt departure.
The board plans, subject to approval, for Executive Chair and former CEO Gerry Spindler to become Interim CEO and for Greg Pritchard to move to Interim Chair. This approach emphasizes continuity of strategy and oversight. Bitzer’s shift to a part-time, project-focused role from
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UNITED STATES Washington, D.C. 20549 | ||
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Resignation of Chief Executive Officer
On February 22, 2026 (February 23, 2026 in Australia), Mr. Douglas G. Thompson informed Coronado Global Resources Inc. (the “Company”) that he is resigning as Chief Executive Officer (“CEO”) and Managing Director of the Board of Directors (the “Board”) to pursue new opportunities. The effective date of Mr. Thompson’s resignation as CEO and as Managing Director has not been determined at this time, and Mr. Thompson will remain in his role and will support the Company during a period of transition. The Company is conducting a global search process for a new Chief Executive Officer.
Resignation of Chief Development Officer
On February 22, 2026 (February 23, 2026 in Australia), Jeffrey D. Bitzer informed the Company that he is resigning as Chief Development Officer of the Company, effective February 28, 2026 (the “Resignation Date”). Mr. Bitzer will continue to serve as Chief Development Officer through the Resignation Date to help facilitate the transition.
| Item 7.01. | Regulation FD Disclosure. |
On February 22, 2026 (February 23, 2026 in Australia), the Company lodged an announcement with the Australian Securities Exchange regarding the resignations of Mr. Thompson and Mr. Bitzer and certain management transitions. A copy of the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01, including the exhibit attached hereto, is being furnished and shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, unless such subsequent filing specifically references this Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibits are filed with this Current Report on Form 8-K:
| Exhibit No. |
Description | |
| 99.1 | Resignation of Chief Executive Officer and Management Transitions. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Coronado Global Resources Inc. | ||
| By: | /s/ Barend J. van der Merwe | |
| Name: | Barend J. van der Merwe | |
| Title: | Chief Financial Officer | |
| Date: | February 23, 2026 | |
Exhibit 99.1
ASX Announcement
23 February 2026
Resignation of Chief Executive Officer and Management Transitions
Coronado Global Resources Inc. (ASX: CRN) (“Coronado” or the “Company”) advises of upcoming changes to its’ executive leadership team, including proposed succession plans.
After successfully fulfilling all commitments outlined in Coronado’s three year plan, Douglas Thompson has informed the Company of his intention to resign from his role as Chief Executive Officer & Managing Director of the Company and member of the Board to pursue new opportunities.
During his tenure, Mr Thompson has guided the Company through several major initiatives that have strengthened Coronado’s long-term position. These include the division of the Curragh operations into three distinct complexes, the development of the Mammoth Underground at Curragh, and the substantial expansion at Buchanan.
The Board has commenced a formal recruitment process for a new Chief Executive Officer (“CEO”) of the Company. Mr Thompson will remain with the business during a transition period to ensure continuity.
Subject to Board approval, it is planned that upon Mr Thompson’s departure, the Company’s Executive Chair and former CEO of the Company, Gerry Spindler, will assume the role of Interim CEO, and Greg Pritchard will transition to Interim Chair of the Board. Final timing of these changes will be confirmed in due course.
In addition, after more than fifty years in the coal mining industry, Jeff Bitzer, Coronado’s Chief Development Officer and formerly Chief Operating Officer, has decided to step back from full-time responsibilities, effective as of 28 February 2026. Mr Bitzer has been with Coronado since its inception and brings unparalleled knowledge of the Company’s operations.
Mr Bitzer will continue with Coronado on a part-time basis from 1 March 2026, focusing on major projects that benefit from his deep technical expertise.
Mr Spindler has acknowledged the significant contributions of both Mr Thompson and Mr Bitzer: “Douglas and Jeff have each played instrumental roles in shaping Coronado into the company it is today. We thank them for their leadership, commitment and the value they have created for our employees, communities and shareholders.”
This announcement was authorised for release in accordance with the Disclosure Policy of Coronado Global Resources Inc.
For further information please contact:
| Investors Chantelle Essa Vice President Investor Relations P: +61 477 949 261 E: cessa@coronadoglobal.com |
Media Helen McCombie Sodali &Co P: +61 411 756 248 E: helen.mccombie@sodali.com |
| Coronado Global Resources Inc. | Level 33, Central Plaza One, 345 Queen Street |
| ARBN: 628 199 468 | Brisbane QLD 4000 |
| T: +61 7 3031 7777 | F: +61 7 3229 7402 | |
| www.coronadoglobal.com |
FAQ
What leadership changes did Coronado Global Resources Inc. (CODQL) announce?
When will Coronado Global CEO Douglas Thompson step down?
What is the timeline for Chief Development Officer Jeff Bitzer’s resignation at CODQL?
Who is expected to lead Coronado Global Resources Inc. on an interim basis?
How is Coronado Global Resources Inc. managing succession after the CEO resignation?
Will Jeff Bitzer remain involved with Coronado Global Resources Inc. after stepping back?
Filing Exhibits & Attachments
4 documents