Wallington joins Coal of Africa

  • @MLeftly

Coal of Africa, the ambitious London-listed miner, has hired highly regarded industry figure John Wallington as its chief executive.

In a move expected to be announced tomorrow, former Anglo American boss Mr Wallington will spearhead Coal of Africa in its drive to be promoted from the junior Alternative Investment Market (AIM) to the main board this summer.

Mr Wallington was global head of Anglo's coal division until 2008, but was one of a group of bosses who left shortly after Cynthia Carroll was made chief executive of the FTSE 100 giant three years ago.

Coal of Africa's current managing director, Simon Farrell, is to step aside and become deputy chairman. He is expected to become chairman should Richard Linnell drop the role over the next year.

Mr Wallington will be charged with propelling the company into the FTSE 100 over the next few years. Mr Farrell has privately argued that Coal of Africa could join the top tier of listed companies as early as the end of 2011.