Coronado Global splits COO role, names two interims
Coronado Global Resources restructures its COO role into U.S. and Australia positions and names two interim chief operating officers with defined pay and protection terms.
Rhea-AI Filing Summary
Coronado Global Resources Inc. (CODQL) reported leadership changes in its operating structure. On September 3, 2026, the company terminated Group Chief Operating Officer Craig Manz by reason of redundancy, effective November 13, 2026, with Mr. Manz remaining until then to assist transition. On September 8, 2026, the Group COO role was restructured into two regional positions.
The company appointed Brett Holbrook, age 66, as Interim Chief Operating Officer, U.S. effective October 1, 2026, under an agreement providing an annual base salary of US$416,000 and 16 weeks of base salary if terminated without cause or if he resigns for good reason, plus one-year post-termination non-compete and non-solicit restrictions. Shaun Newberry, age 54, was appointed Interim Chief Operating Officer, Australia effective September 9, 2026, with an annual base salary of AU$512,569.50 (including statutory superannuation), a three-month mutual notice period, and one-year post-termination non-compete and non-solicit restrictions, and redundancy rights in line with Australian law.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Effective date of Group COO termination: November 13, 2026
Interim COO, U.S. base salary: US$416,000 per year
Holbrook severance period: 16 weeks of base salary
+5 more
8 metrics
Effective date of Group COO termination
November 13, 2026
Redundancy termination date for Group Chief Operating Officer Craig Manz
Interim COO, U.S. base salary
US$416,000 per year
Annual base salary for Brett Holbrook under the Holbrook Employment Agreement
Holbrook severance period
16 weeks of base salary
Payable if terminated without cause or resignation for good reason
Interim COO, Australia base salary
AU$512,569.50 per year
Annual base salary for Shaun Newberry including statutory superannuation
Newberry notice period
3 months
Mutual written notice required for termination of employment with Curragh
Post-termination non-compete duration
1 year
Non-compete and non-solicit restrictions for both Holbrook and Newberry
Holbrook age
66 years
Age of Interim Chief Operating Officer, U.S.
Newberry age
54 years
Age of Interim Chief Operating Officer, Australia
Key Terms
redundancy, good reason, superannuation, post-termination restrictions, +1 more
5 terms
redundancy regulatory
"terminated Mr. Craig Manz’s employment as the Group Chief Operating Officer ... by reason of redundancy"
Redundancy can mean either having deliberate backups or duplicate systems to keep operations running if something fails, like carrying a spare tire, or the deliberate removal of staff or roles to cut costs. Both matter to investors because redundancy as a backup lowers operational risk and potential downtime, while redundancy as layoffs affects payroll expenses, morale and future capacity, which can change profitability and business resilience.
good reason regulatory
"If Mr. Holbrook’s employment is terminated by the Company without cause or if Mr. Holbrook resigns for good reason"
superannuation financial
"annual base salary of AU$512,569.50, which includes Australian statutory defined contribution superannuation"
Superannuation is a long-term retirement savings system where employers (and sometimes workers) regularly put money into an account or fund that grows until retirement, much like a workplace piggy bank managed by professionals. It matters to investors because these funds pool huge amounts of money and invest in stocks, bonds and property, so their choices and any changes in rules or tax treatment can shift market demand, company funding and asset prices.
post-termination restrictions regulatory
"subject to post-termination restrictions on competing with the Company and/or soliciting its employees"
redundancy payments regulatory
"If Mr. Newberry’s employment is terminated by reason of redundancy, he is entitled to receive redundancy payments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership changes did Coronado Global Resources Inc. (CODQL) disclose in this 8-K?
Coronado Global Resources Inc. disclosed that Group COO Craig Manz’s employment was terminated by reason of redundancy, effective November 13, 2026, and that the Group COO role was restructured into two positions: Interim Chief Operating Officer, U.S. and Interim Chief Operating Officer, Australia.
Who was appointed Interim Chief Operating Officer, U.S. at CODQL and what is his compensation?
Coronado Global Resources appointed Brett Holbrook as Interim Chief Operating Officer, U.S., effective October 1, 2026. Under his employment agreement he will receive an annual base salary of US$416,000 and is eligible to participate in senior executive incentive arrangements.
What severance protections does Brett Holbrook have under his CODQL employment agreement?
If Brett Holbrook is terminated by Coronado Global Resources without cause or resigns for good reason, he is entitled to continued payment of his base salary for 16 weeks. He is also subject to non-compete and non-solicit restrictions for one year after termination, except if he resigns for good reason.
Who was appointed Interim Chief Operating Officer, Australia at CODQL and what is his base pay?
Coronado Global Resources appointed Shaun Newberry as Interim Chief Operating Officer, Australia, effective September 9, 2026. Under his employment agreement with Curragh Queensland Mining Pty Ltd, he will receive an annual base salary of AU$512,569.50, including Australian statutory defined contribution superannuation.
What are the termination and redundancy terms for Shaun Newberry at Coronado Global Resources (CODQL)?
Shaun Newberry’s employment may be terminated by him or Curragh with three months’ written notice, or payment in lieu by Curragh. If his employment is terminated by reason of redundancy, he is entitled to receive redundancy payments in accordance with Australian legislation.
Do the new interim COOs at CODQL have post-termination non-compete obligations?
Yes. Both Brett Holbrook and Shaun Newberry are subject to post-termination restrictions on competing with Coronado Global Resources and/or soliciting its employees and customers for a period of one year following termination of their employment, subject to the specific terms in each agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
