UK Coal names turnaround expert as board non-executive

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COAL miner UK Coal has appointed turnaround expert Lisa Clement to its board as a non-executive director.

Ms Clement was most recently chief financial officer at Sea Containers where she led its restructuring and wind down.

Prior to that she was managing director of Capita Learning and Development.

Ms Clement, who will join Doncaster-based UK Coal on December 15, will also chair the company’s audit committee.

UK Coal said Ms Clement, 44, is a chartered accountant who is experienced in working for companies requiring substantial change and turn-around.

She has held senior divisional roles including at Cendant and BPP Holdings.

Jonson Cox, chairman of UK Coal, said: “We are very pleased to welcome Lisa to the board. Her experience will bring clear benefits to UK Coal and we look forward to her contribution.”

Earlier this week UK Coal said its vast estate of land is beginning to live up to its potential, after signing housing and manufacturing deals on its biggest regeneration site.

The sites are on former collieries in Yorkshire, the Midlands and the North. UK Coal’s property arm, Harworth Estates, was formed in 2002.

The group recently announced deals to bring three national housebuilders to Waverley near Rotherham and Sheffield, plus a contract for engineering giant Rolls-Royce to build a turbine factory on the site’s Advanced Manufacturing Park.

Harworth Estates, the property arm of the UK’s biggest coal miner, exchanged contracts with Rolls-Royce for it to build a 165,000 sq ft factory on a 17.4-acre site.

The group also agreed a deal for Taylor Wimpey, Barratt Homes and Harron Homes to acquire 20 acres for an initial 254 homes. These will form the first phase of a new town which will eventually include about 3,800 homes.

The 710-acre Waverley site is built on the former Orgreave surface mine and coking plant.