Coronado Global: Group COO Terminated; Interim U.S. and Australia COOs Appointed

What Happened

• Coronado Global Resources filed an 8-K announcing the termination by reason of redundancy of Group Chief Operating Officer Craig Manz, with a Group COO final date of November 13, 2026. The Company restructured the single Group COO role into two positions to align operations at the asset level.
• The Company appointed Brett Holbrook as Interim Chief Operating Officer, U.S., effective October 1, 2026, and Shaun Newberry as Interim Chief Operating Officer, Australia, effective September 9, 2026. The filings state there are no reportable family relationships or related-party transactions involving either appointment.

Key Details

• Craig Manz termination announced Sept 3, 2026 (Sept 4 in Australia); Manz will remain through Nov 13, 2026 to support transition.
• Brett Holbrook (age 66) named Interim COO, U.S.; annual base salary US$416,000; appointment governed by a Sept 8, 2026 employment agreement; initial term expires Dec 31, 2026 and auto-extends yearly unless notice given. If terminated without cause (or resigns for good reason) he is entitled to 16 weeks' base pay; one-year post-termination non-compete/solicit restrictions apply (except for resignation for good reason).
• Shaun Newberry (age 54) named Interim COO, Australia; employed by Curragh Queensland Mining Pty Ltd under a Sept 8/9, 2026 agreement; annual base salary AU$512,569.50 (includes superannuation). Either party may terminate with three months’ notice (or payment in lieu); redundancy payments per Australian law apply; one-year post-termination non-compete/solicit restrictions apply.

Why It Matters

• This is an operational leadership change: the Company split the Group COO role into two region-focused COOs, signaling a shift to asset-level operational oversight. For investors, that may affect near-term operational management and execution at U.S. and Australian assets.
• The filing provides concrete compensation and contract terms for the interim appointees and confirms redundancy treatment for the departing Group COO; watch for future updates on permanent appointments, any restructuring costs, or operational performance tied to this change.