Arch Coal, Inc. has announced that as part of its ongoing succession process, John Drexler will become the company's Chief Operating Officer and Matthew Giljum will become its Chief Financial Officer. Drexler is currently Arch's chief financial officer and Giljum is currently Arch's Treasurer and Vice President of Finance.
"John has done a tremendous job as chief financial officer during a period of great transition for the company," said Paul Lang, Arch's incoming CEO. "Under John's leadership, Arch has conducted a highly successful capital return programme and built the industry's strongest balance sheet, while at the same time ensuring ample funding for the build-out of our world-class growth project at Leer South."
"Matt is exceptionally well-equipped to succeed John as Arch's next Chief Financial Officer," he continued. "He has played an instrumental role on the company's financial leadership team for many years and has contributed significantly to our strong performance and numerous achievements on that front. I am certain he will make an even greater contribution to the company's ongoing growth and success in this significant, new capacity."
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