Roeslani resigns as President Director of Bumi subsidiary PT Berau Coal Energy Tbk

FTSE 250-listed mining group Bumi has unveiled details of board changes at its subsidiary PT Berau Coal Energy TbK (BCE), incuding the resignation of Rosan Roeslani as President Director.

Bumi reported that a general meeting of BCE took place on Thursday in Indonesia at which a number of changes to its boards of commissioners and directors were made with the full support of Bumi.

Resignations were received by BCE from six individuals. In addition to the resignation of Rosan Roeslani as President Director, these comprised John Ramos as Director, Samin Tan as Commissioner, Alexander Ramlie as Commissioner, Mochamad Djatmiko as Commissioner and Stefan White as Commissioner.

Additionally, Bumi reported that four appointments were made. Eko Santoso Budianto was appointed as President Director and Subagyo Hadi Siswoyo, Kenneth Raymond Allan and Eva Tarigan were appointed as commissioners.

"Mr. Allan and Ms. Tarigan are also currently Directors of Borneo. Mr. Siswoyo is also a Commissioner of PT Berau Coal, BCE's Indonesian operating subsidiary," the Bumi statement added.

Bumi Resources updateSeparately, Bumi noted an announcement by Bumi Resources regarding the resignation of ten commissioners and directors of Bumi Resources.

The company said that three of those resigning were Directors of Bumi; namely Samin Tan, who has resigned as President Commissioner of Bumi Resources, Alexander Ramlie and Scott Merrillees, who have resigned as Commissioners of Bumi Resources.

Bumi also noted that Tan resigned as President Director of PT Bumi Resources Minerals Tbk.

Bumi stated: "The resignations of Messrs. Tan, Ramlie and Merrillees are in line with the company's announced aim of separating from the Bakrie Group and Bumi Resources, which transaction the company intends to put to shareholders for approval as soon as possible.

"The resignations are also consistent with the accounting reclassification, announced on November 5th 2012, of the company's shareholding in Bumi Resources to an investment from an associate given the company's level of influence over Bumi Resources," the statement added.

Bumi's share price was up 2.53% to 332.20p at 10:23 on Friday.

MF