Greg Pritchard
About Greg Pritchard
Greg Pritchard, age 62, has served as an independent director of Coronado Global Resources Inc. since September 21, 2018. He is a Fellow of Chartered Accountants Australia & New Zealand and is designated by the Board as an SEC “audit committee financial expert,” reflecting deep finance and energy-sector operating experience. He holds a Bachelor of Commerce (University of Melbourne) and a Master of Applied Finance (Macquarie University) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Energy Developments Limited | Managing Director & CEO | Dec 2007–Oct 2016 | Led a global sustainable distributed energy producer . |
| Energy Developments Limited | Finance Director | Joined Jun 2001 | Built finance function prior to promotion to CEO . |
| QCT Resources Limited | Chief Financial Officer | Not disclosed | Coal production/distribution CFO experience . |
| QNI Limited | Chief Financial Officer | Not disclosed | Nickel/cobalt refining CFO experience . |
| KPMG (London/Europe) | Senior roles | Not disclosed | Audit/tax/advisory background . |
| Wardley James Capel (now HSBC Securities Asia) | Senior roles | Not disclosed | Capital markets background . |
External Roles
| Company | Role | Tenure | Notes |
|---|---|---|---|
| None disclosed (public company directorships) | — | — | Pritchard’s proxy biography lists prior executive roles but no current external public boards . |
Board Governance
- Independence: The Board determined Mr. Pritchard is “independent” under NYSE/SEC/ASX criteria .
- Committee assignments and roles:
- Audit Committee Chair; members: Pritchard (Chair), Christensen, Koeck, Wilson; post-AGM: Pritchard (Chair), Christensen, Wilson .
- Compensation & Nominating Committee member; 2024 members: Koeck (Chair), Pritchard, Tyson; post-AGM: Pritchard, Tyson, Allen (Allen to serve as Chair) .
- Attendance and engagement: Board held 12 regular and 1 special meeting in 2024; Audit, Compensation & Nominating, and HSEC committees held 5, 4, and 3 meetings, respectively; all current directors attended at least 75% of applicable meetings .
- Executive sessions: Independent directors meet without management at every regularly scheduled Board meeting .
- Lead Independent Director: The Deputy Chair/Lead Independent Director position (held by Mr. Koeck) will not continue after the 2025 AGM, reducing a formal counterbalance to the Executive Chair role .
Committee Detail (2024 and forward)
| Committee | Role (Pritchard) | 2024 Members | 2024 Meetings | Post-AGM Composition |
|---|---|---|---|---|
| Audit | Chair | Pritchard (Chair), Christensen, Koeck, Wilson | 5 | Pritchard (Chair), Christensen, Wilson |
| Compensation & Nominating | Member | Koeck (Chair), Pritchard, Tyson | 4 | Pritchard, Tyson, Allen; Allen to Chair |
Fixed Compensation
| Component | 2024 Amount (USD) | Notes |
|---|---|---|
| Fees earned or paid in cash | $125,433 | As reported for Pritchard in the director compensation table (includes superannuation) . |
| Base Board retainer | $115,531 (A$175,000) | Standard non-employee director fee for 2024 (USD shown at ~A$1.00:US$0.66) . |
| Audit Committee Chair additional fee | $9,903 (A$15,000) | Additional chair fee level for 2024 . |
| RSU in-lieu election (Non-Executive Director Plan) | Available | Directors may elect to receive some/all base fees as RSUs; no directors elected RSUs in 2024 . |
| RSU settlement mechanics | Policy | RSUs settle no later than 30 days after the earliest of: 5 years from grant, director ceasing service, or change in control . |
Performance Compensation
| Category | 2024 Amount (USD) |
|---|---|
| Stock awards | — |
| Option awards | — |
| Non-equity incentive plan compensation | — |
Coronado’s director pay is structured as fixed cash fees (with optional RSU deferral) rather than performance-linked incentives, aligning with governance best practice for non-executive directors .
Other Directorships & Interlocks
- Compensation Committee interlocks/insider participation: None. In 2024 the committee comprised non-executive directors (Koeck, Pritchard, Tyson); no executive officers served on other companies’ boards/comp committees creating interlocks .
- Section 16 compliance: Proxy notes late filings for certain executives (Meyering, Pollard, Ziems) but does not list Pritchard among late filers for 2024 .
Expertise & Qualifications
- SEC “audit committee financial expert” designation; also independent under Exchange Act Rule 10A-3 .
- Fellow of Chartered Accountants Australia & New Zealand; BCom (Melbourne); MAppFin (Macquarie) .
- Senior finance and operating experience across coal and energy transition assets (CFO→CEO pathway) .
- Oversight remit includes financial reporting, internal controls, risk (including climate-related risks) under the Audit Committee charter .
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial ownership (shares of common stock) | 7,158.2 shares as of April 16, 2025 . |
| Equivalent CDIs | 71,582 CDIs (each CDI = 1/10 share) . |
| Holding vehicle | JJ Discretionary Trust (Pritchard is trustee and beneficiary) . |
| Ownership % | <1% of common stock . |
| Director shareholding guideline | Non-exec directors must build holdings equal to at least one year’s gross board fees by year 5 of tenure (via CDIs/RSUs/shares); compliance status not specifically disclosed . |
Governance Assessment
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Strengths:
- Independent director and Audit Committee Chair with SEC financial expert designation; AC met 5x in 2024 and conducts executive sessions with auditor and management, supporting robust financial oversight .
- Active committee workload (Audit Chair; C&N member), with documented responsibilities including climate-related risk oversight and remuneration governance, suggesting meaningful engagement .
- Attendance: Board and committee structure was active (12 regular + 1 special Board meetings; all directors ≥75% attendance), indicating sustained engagement .
- Pay structure: Fixed-fee model with optional RSU deferral; no option/stock awards granted to directors in 2024; cash+committee fee levels transparent .
-
Watch items / potential red flags for investors:
- Concentrated control and consent rights: EMG/Coronado Group LLC retains significant governance rights (e.g., certain consent rights so long as specified ownership thresholds are met), which can constrain minority stockholder influence. This is partially mitigated by independent committees and prior use of a Special Committee during a potential EMG transaction process; that Special Committee dissolved after the transaction was terminated in 2024 .
- Loss of Lead Independent Director role post-AGM reduces a formal independent counterweight to the Executive Chair; investors may seek evidence that independent director executive sessions and committee leadership continue to provide effective oversight .
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Related-party oversight: The Audit Committee reviews related-party transactions; existing Relationship Deed and Stockholder’s/Registration Rights agreements with Coronado Group LLC/EMG are disclosed and governed by Board/Audit Committee processes .
Overall, Pritchard’s profile—finance/accounting expertise, independence, and Audit Committee leadership—supports board effectiveness on financial reporting and risk oversight; key governance risk remains the controlling shareholder framework and elimination of the Lead Independent Director role, which heightens the importance of independent committee leadership and executive sessions .