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Boyce to stay at Peabody to June 2015

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World Coal,

Gregory Boyce will remain as chairman and CEO of Peabody Energy, the world’s largest private-sector coal miner, until June 2015, the company has announced. The move forms part of the company’s executive succession planning and extends Boyce’s employment by 6 months.

"We are pleased to put into place this next phase of what we believe to be a model succession process.  We appreciate the ongoing veteran leadership of Mr Boyce, and look forward to the continued success of president and chief operating officer, Glenn Kellow, following a recent significant increase in his responsibilities," said lead independent director, Robert A. Malone.

Kellow recently assumed executive responsibility for Corporate Strategy, Global Analytics and Business Development at the coal producer, in addition to overseeing all aspects of the company's global operations, including worldwide sales and trading activities.

Boyce joined Peabody in 2003 as president and chief operating officer, assuming responsibility for the company as president and CEO in 2006. He became chairman the following year.

Adapted from press release by

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