Bumi to unveil board shake-up

Nat Rothschild is today set to stand down from the chairmanship of Bumi, the coal miner he helped bring to market in London last year, at the request of investors. Indonesian coal entrepreneur Samin Tan, who became a major investor in London-listed Bumi alongside the Bakrie family last year, is to become chairman as part of changes approved at a board meeting yesterday and expected to be announced today alongside Bumi’s earnings. Rothschild will remain on the board, sources said last night.