Coronado Global Resources (CODQL) promotes CFO Barrie van der Merwe to CEO
Rhea-AI Filing Summary
Coronado Global Resources Inc. appointed its current Chief Financial Officer, Barend (Barrie) J. van der Merwe, as Chief Executive Officer and Managing Director effective 1 August 2026. His compensation includes an annual base salary of AU$1,200,000 inclusive of superannuation and additional AU$350,000 payments in December 2026 and December 2027.
The board will expand from six to seven directors, adding van der Merwe as Managing Director. Founder Gerry Spindler will step down as Interim CEO on 31 July 2026 but remain on the board as a non-executive director. Sandeep Deoji, currently Vice President, Group Financial Control, will become Interim Chief Financial Officer with a base salary of AU$580,000 and standard notice, redundancy and 12‑month post-employment restraint provisions.
Positive
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Negative
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Filing Explained
The appointed CEO remains scheduled to start on
8-K Event Classification
Key Figures
Key Terms
superannuation financial
redundancy payments regulatory
non-executive director regulatory
forward-looking statements regulatory
termination payment financial
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FAQ
What leadership changes did Coronado Global Resources (CODQL) announce in July 2026?
What is Barrie van der Merwe’s CEO compensation at Coronado Global Resources (CODQL)?
When do the new CEO and Interim CFO roles at Coronado Global Resources (CODQL) take effect?
What are the key employment terms for Barrie van der Merwe at Coronado Global Resources (CODQL)?
What are the main terms of Sandeep Deoji’s Interim CFO role at Coronado Global Resources (CODQL)?
How will Gerry Spindler’s role change at Coronado Global Resources (CODQL)?
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UNITED STATES Washington, D.C. 20549 | ||
FORM
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CURRENT
REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Appointment of New Chief Executive Officer
On July 13, 2026 (July 14, 2026 in Australia), the Board of Directors (the “Board”) of Coronado Global Resources Inc. (the “Company”), at the recommendation of the Compensation and Nominating Committee of the Board (the “Committee”), appointed Barend (Barrie) J. van der Merwe, the current Chief Financial Officer of the Company, to the position of Chief Executive Officer of the Company, effective as of August 1, 2026 (the “Effective Date”).
Mr. Van der Merwe, age 50, has served as the Company’s Chief Financial Officer since April 2025. Prior to joining the Company, Mr. Van der Merwe served as Chief Financial Officer of Evolution Mining, a gold mining company, from March 2023 to March 2025. Mr. Van der Merwe previously served as Vice President, Organizational Effectiveness Transformation Program at Orica Limited, a commercial explosives provider, from May 2022 to December 2023, and as Vice President, Group Finance from July 2019 to May 2022. Prior to that, Mr. Van der Merwe served as the Chief Financial Officer and Executive Director at Lonmin Plc, a platinum group metals mining company, from April 2016 to June 2019, and Chief Financial Officer at Debswana Diamond Company Limited, a diamond mining company, from December 2012 to December 2015. Mr. Van der Merwe also held various senior finance roles within Anglo American Platinum, a platinum mining company, between 2002 to 2012. Mr. Van der Merwe also held various audit and accounting roles at PricewaterhouseCoopers from 1998 to 2002. Mr. Van der Merwe has a B Com (Hons) with a major in Accounting Sciences from the University of Pretoria. He became a Chartered Accountant and member of the South African Institute of Chartered Accountants (SAICA) in May 2001, and is a full Chartered Accountant and current member of Chartered Accountants Australia & New Zealand.
There are no reportable family relationships or related party transactions (as defined in Item 404(a) of Regulation S-K) involving the Company and Mr. Van der Merwe.
The terms of Mr. Van der Merwe’s appointment shall be governed by an appointment agreement, dated as of July 14, 2026 (Australia) between Curragh Queensland Mining Pty Ltd. (“Curragh”), an Australian subsidiary of the Company, and Mr. Van der Merwe (the “Van der Merwe Appointment Agreement”). Pursuant to the Van der Merwe Appointment Agreement, Mr. Van der Merwe will receive an annual base salary of AU$1,200,000, which includes Australian statutory defined contribution superannuation contributions made on Mr. Van der Merwe’s behalf. Mr. Van der Merwe will also receive payments equal to AU$350,000 payable in December 2026 and AU$350,000 payable in December 2027, each of which include Australian statutory defined contribution superannuation contributions made on Mr. Van der Merwe’s behalf. Additionally, Mr. Van der Merwe is eligible to participate in incentive arrangements offered by the Company from time to time to senior executives.
Mr. Van der Merwe’s employment can be terminated by either him or Curragh by giving the other party three months’ written notice (or by Curragh making payment in lieu of part or all of his notice period). In the event Curragh terminates Mr. Van der Merwe’s employment for cause, no notice period will apply.
In addition to any notice payments, in the event Curragh terminates Mr. Van der Merwe’s employment other than for cause, Curragh must pay Mr. Van der Merwe a termination payment equal to six months base salary (including superannuation contributions). If Mr. van der Merwe is terminated by reason of redundancy, he is entitled to receive redundancy payments in accordance with Australian legislation. Mr. Van der Merwe is also subject to post-termination restrictions on competing with the Company or any subsidiary and/or soliciting its employees and customers for a period of one year following termination of his employment.
Election of Director
On July 13, 2026 (July 14, 2026 in Australia), at the recommendation of the Committee, the Board increased the size of the Board from six directors to seven directors, effective as of the Effective Date. In accordance with Mr. Van der Merwe’s appointment as Chief Executive Officer of the Company, the Board, at the recommendation of the Committee, appointed Mr. Van der Merwe to serve as Managing Director of the Board, effective as of the Effective Date. Mr. Van der Merwe will hold office until the Company’s annual general meeting of stockholders in 2027 and until his successor has been duly elected and qualified or until his earlier resignation or removal.
There are no related party transactions (as defined in Item 404(a) of Regulation S-K) involving the Company and Mr. Van der Merwe.
Compensatory Arrangements of Current Interim Chief Executive Officer
In connection with Mr. Van der Merwe’s appointment as Chief Executive Officer of the Company and Managing Director of the Board, Mr. Spindler will resign as Interim Chief Executive Officer of the Company, effective as of July 31, 2026. Mr. Spindler will remain on the Board as a non-executive director.
As a non-executive director of the Company, from the Effective Date, Mr. Spindler will be entitled to receive compensation in the same manner as the Company’s other non-executive directors, as governed by the appointment letter agreement, dated as of July 14, 2026 (Australia), between the Company and Mr. Spindler (the “Spindler Appointment Agreement”); with such fee arrangements as described in the Company’s definitive proxy statement on Schedule 14A filed on April 22, 2026 with the Securities and Exchange Commission.
Appointment of Interim Chief Financial Officer
In connection with Mr. Van der Merwe’s appointment as Chief Executive Officer of the Company and Managing Director of the Board, on July 13, 2026 (July 14, 2026 in Australia), at the recommendation of the Committee, the Board appointed Sandeep Deoji, the Company’s current Vice President, Group Financial Control, to serve as the Company’s Interim Chief Financial Officer (“Interim CFO”), effective as of the Effective Date.
Mr. Deoji, age 42, has served as Vice President, Group Financial Control of the Company since July 2022 and, prior to that, served as Group Financial Controller from May 2021 to July 2022 and Manager, Group Financial Reporting from January 2019 to May 2021. From January 2025 to March 2025, Mr. Deoji served as the Company’s interim principal financial officer and interim principal accounting officer. Mr. Deoji continued to serve as the Company’s Vice President, Group Financial Control since April 2025. Mr. Deoji has been a Director of Wiggins Island Coal Export Terminal Pty Limited since June 2025.
There are no reportable family relationships or related party transactions (as defined in Item 404(a) of Regulation S-K) involving the Company and Mr. Deoji.
The terms of Mr. Deoji’s appointment shall be governed by an appointment agreement, dated as of July 14, 2026 (Australia) between Curragh and Mr. Deoji (the “Deoji Appointment Agreement”). Pursuant to the Deoji Appointment Agreement, Mr. Deoji will receive an annual base salary of AU$580,000, which includes Australian statutory defined contribution superannuation contributions made on Mr. Deoji’s behalf. Mr. Deoji is also eligible to participate in incentive arrangements offered by the Company from time to time to senior executives. Mr. Deoji’s employment can be terminated by either him or Curragh by giving the other party eight weeks’ written notice (or by Curragh making payment in lieu of part or all of his notice period). In the event Curragh terminates Mr. Deoji’s employment for cause, no notice period will apply. If Mr. Deoji is terminated by reason of redundancy, he is entitled to receive redundancy payments in accordance with Australian legislation. Mr. Deoji is also subject to post-termination restrictions on competing with the Company or any subsidiary and/or soliciting its employees and customers for a period of one year following termination of his employment.
The foregoing descriptions of the Van der Merwe Appointment Agreement, the Spindler Appointment Agreement and the Deoji Appointment Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of each of the Van der Merwe Appointment Agreement, the Spindler Appointment Agreement and the Deoji Appointment Agreement, which have been filed as Exhibit 10.1, Exhibit 10.2, and Exhibit 10.3, respectively, hereto and are incorporated herein by reference.
| 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 | |
| 10.1 | Appointment Agreement, dated July 14, 2026, between Barend J. van der Merwe and Curragh Queensland Mining Pty Ltd. | |
| 10.2 | Appointment Letter Agreement, dated July 14, 2026, between Garold Spindler and Coronado Global Resources Inc. | |
| 10.3 | Appointment Agreement, dated July 14, 2026, between Sandeep Deoji and Curragh Queensland Mining Pty Ltd. | |
| 99.1 | Announcement Regarding 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/ Philip Peacock | |
| Name: | Philip Peacock | |
| Title: | Chief Legal Officer | |
| Date: | July 13, 2026 | |
Exhibit 99.1
ASX Announcement
14 July 2026
Coronado Global Resources Appoints Barrie van der Merwe as Chief Executive Officer
Coronado Global Resources Inc. (ASX: CRN; the Company or Coronado) today announced the appointment of Barend (Barrie) J. van der Merwe, currently Chief Financial Officer, as Chief Executive Officer and Managing Director, effective 1 August 2026.
Mr. Van der Merwe has served as Coronado's Chief Financial Officer and has been a member of the Company's executive leadership team since 2025. He brings more than three decades of mining industry experience across business turnarounds, restructuring, operational leadership, finance, strategy, project development and stakeholder engagement.
Coronado Chairman Greg Pritchard said:
"Following a thorough recruitment process, the Board is delighted to appoint Barrie as Chief Executive Officer and Managing Director.
Barrie has made a significant contribution to Coronado during his tenure as Chief Financial Officer and understands our operations, customers, shareholders, and changes required in the business very well.
The Board believes Barrie is the right leader for a phase during which the business needs to be returned to profitability and reduce debt to open up new strategic options."
Interim Chief Executive Officer and Founder, Gerry Spindler, will remain on the Board as a non-executive director.
Mr Spindler said:
"I am pleased to hand leadership of Coronado to Barrie.
Having worked closely with him, I have seen first-hand his leadership capability, commercial acumen and commitment to our people and our business.
Barrie cares for Coronado, our operations and our customers, and I am confident he is the right person to lead the Company. I look forward to continuing to support Coronado and Barrie as a member of the Board."
Incoming CEO Barrie van der Merwe said:
"It is a privilege to be appointed Chief Executive Officer and Managing Director of Coronado and I am honoured by the trust the Board is placing in me.
Through my time as Chief Financial Officer, I have developed a deep appreciation for our people, assets and customers and the potential of the business.
Coronado has long-life assets, talented and committed employees and an important role in supplying metallurgical coal to the steel industry and energy coal to Queensland.
| 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 |
I am excited by the hard work that lies ahead. With the Leadership Team, I plan to drive our safety culture and business performance that I believe will return us to profitability, reduce debt, and serve our customers. My expectation is that this will create options for the Company and value for all stakeholders”.
The key terms of Mr. Van der Merwe’s employment arrangements, effective from 1 August 2026, have been finalised and a summary is set out in the Schedule of this announcement.
The Company also announces that Sandeep Deoji will be appointed Interim Chief Financial Officer, effective 1 August 2026 until the Board is ready to make a permanent appointment. During that time, Mr Deoji will be a member of the Company's Leadership Team.
This announcement was authorised for release by the Board of Directors of Coronado Global Resources Inc.
For further information, please contact:
| Investors Chantelle Essa Investor Relations P: +61 477 949 261 E: cessa@coronadoglobal.com E: investors@coronadoglobal.com |
Media Helen McCombie Sodali & Co P: +61 411 756 248 E: helen.mccombie@sodali.com |
CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements concerning our business, operations, financial performance and condition, the coal, steel and other industries, and our plans, objectives and expectations for our business, operations, financial performance and condition. Forward-looking statements may be identified by words such as "may", "could", "believes", "estimates", "expects", "intends", “plans”, "considers", “forecasts”, “anticipates”, “targets” and other similar words that involve risk and uncertainties. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future are forward-looking statements. They may include estimates of revenues, income, earnings per share, cost savings, capital expenditures, dividend payments, share repurchases, liquidity, capital structure, market share, industry volume, or other financial items, descriptions of management’s plans or objectives for future operations, risk inherent to mining operations, such as adverse weather conditions, or descriptions or assumptions underlying any of the above. All forward-looking statements speak only as of the date they are made and reflect the Company's good faith beliefs, assumptions and expectations, but they are not a guarantee of future performance or events. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond the Company's control, that are described in our Annual Report on Form 10-K for the fiscal year ended 31 December 2025 filed with the ASX and SEC on 4 March 2026 (SEC 3 March 2026), as well as additional factors we may describe from time to time in other filings with the ASX and SEC. You may get such filings for free at our website at www.coronadoglobal.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.
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SCHEDULE - Key Terms of Barrie van der Merwe’s Employment Contract
| Contract Position | Chief Executive Officer and Managing Director
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| Term | Commencing 1 August 2026 and continuing until terminated.
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| Remuneration | Base salary of AU$1,200,000 per annum (inclusive of superannuation).
In accordance with the agreement terms of Mr. Van der Merwe's commencement as Chief Executive Officer and Managing Director, he will be paid AU$350,000 (inclusive of superannuation) in December 2026 and AU$350,000 (inclusive of superannuation) in December 2027, in addition to his Base salary, Mr Van der Merwe continues to be entitled to participate in the Company’s incentive arrangements offered to senior executives from time to time.
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| Termination of Employment | Either party may terminate Mr. Van der Merwe’s employment on 3 months’ notice. The Company may also make payment in lieu of notice. In the event the Company terminates Mr. Van der Merwe’s employment for cause, no notice period will apply.
In the event the Company terminates Mr. Van der Merwe’s employment other than for cause, the Company must pay Mr. Van der Merwe a termination payment equal to six months’ base salary.
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| Restraint | A 12 month restraint provision applies. |
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