Peabody Energy has elected Glenn Kellow to the role of President and CEO. He succeeds Gregory H. Boyce, who remains as Executive Chairman. "The board enthusiastically welcomes Glenn to the office of President and Chief Executive Officer," commented Boyce. "We are confident that his experience, skills, values and vision will help shape a stronger company now and in the many years ahead."
Kellow has been apart of the operational team since 2013, leading an operational team that has considerably improved safety, productivity and costs, and many other corporate accomplishments.
At the company's annual shareholder meeting, Kellow acknowledged that the industry was at a hard section of the cycle with multiple headwinds. He also noted it is anticipated that global coal demand growth will continue for many decades and the company will take necessary steps to thrive in all market circumstances.
"It is an honour to lead Peabody Energy, where underlying strength comes from its people, its assets and the vital role that its products provide to serve the world's energy and steel markets," Kellow stated. "While this is a challenging time, we have identified four areas of emphasis – operational, selling and administrative, financial and portfolio – to strengthen our company. These areas of emphasis, along with our exposure to key markets, provide Peabody multiple avenues for success. I look forward to leading this team as we advance with speed, focus and purpose to create superior long-term shareholder value."
Adapted from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/05052015/kellow-elected-peabody-energy-president-ceo/