Andy Eidson, Senior Vice President for Strategy and Business Development, will assume additional duties as the CFO of Alpha Natural Resources Inc.
Eidson, who has served in his current position since December 2015 and in other positions with Alpha since 2010, will join Alpha's Management Committee in the expanded role of Executive Vice President and Chief Financial Officer.
Eidson will succeed Philip Cavatoni, who informed the company of his intention to resign his position as Chief Financial and Strategy Officer, effective 23 March, to pursue another employment opportunity outside of the coal industry. Eidson's appointment will be effective on that date.
"Andy has excelled in his prior positions at Alpha and I'm confident his experience, energy and talent will ensure a smooth transition in his new role," said Alpha's Chairman and CEO Kevin Crutchfield. "As Alpha continues to navigate its restructuring process, emerging leaders like Andy will be vital in shaping the organisation's future."
Eidson previously served as Vice President, Mergers and Acquisitions at Alpha. Before joining the company in July 2010, he worked in several financial positions across industry sectors, including at PricewaterhouseCoopers LLP, Eastman Chemical Co., and most recently Penn Virginia Resource Partners, where he led mergers and acquisitions projects for the coal segment and managed the budgeting and planning process.
Cavatoni has been with the company since 2009 and previously served as Executive Vice President and Chief Strategy Officer, as well as Treasurer and Executive Vice President, Finance and Strategy, before assuming the CFO role in March 2015.
"Phil's strategic thinking and financial acumen have been valuable assets to Alpha over the past seven years," said Crutchfield. "We wish him much success in his next endeavour.”
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/21032016/new-cfo-for-alpha-natural-resources-429/