Joy Global, a global provider of mining solutions, has announced that Edward L. Doheny, II, has been elected president and CEO of the company, in accordance with the Joy Global's previously announced executive succession process. The company's former president and CEO, Michael W. Sutherlin, today resigned from those positions and from the board of directors in preparation for his expected retirement on February 1, 2014.
Doheny was previously elected to the company's board of directors on December 3, 2013. Before his appointment as president and CEO, Doheny served as executive vice president of Joy Global and as president and CEO of the underground equipment division since 2006.
In a statement, Joy Global also announced that Randal W. Baker has been elected to the new position of chief operating officer (COO). In this role, Baker will oversee both the surface mining equipment and the underground mining equipment divisions. Baker previously served as president and COO of the surface mining division from 2009.
Board chairman, John Nils Hanson, commented: "I am pleased to announce the board of directors has elected Edward Doheny as president and CEO. [Doheny] is committed to building the future direction of Joy Global around the key strategies that have made the company a leading performer in the industry, including product leadership, direct service and enhanced customer partnerships."
Hanson continued: "I also am pleased to announce the board of directors has elected Randal Baker as COO of the company. Randal will lead the implementation of our strategy across all our product lines and regions."
In his closing remarks, Hanson concluded: "I would like to express the board's great appreciation for Mike Sutherlin's leadership of Joy Global since he joined the company in 2003, and particularly since his appointment as CEO in 2007. Mike led our business through significant periods of growth and profitability. Mike's leadership also attracted, retained and developed strong senior executives such as [Edward Doheny and Randal Baker], whose industry knowledge and track record gave the board great comfort in planning for an orderly leadership transition process."
Adapted from press release by Sam Dodson
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