Mike Tracy, former President of Mining, has been named the new Chief Executive Officer of Drummond Co. Additionally, Dr Mike Drummond, Garry Neil Drummond's son, has been appointed as the new Chairman of the Board.
Both appointments are effective immediately.
Drummond honours, acknowledges and celebrates Garry Drummond for his irreplaceable contributions toward building and sustaining an extraordinary company for over 50 years. Before his passing, Mr Drummond formulated a detailed succession plan for the leadership of the company that was implemented yesterday.
Mike Tracy and the rest of the management team will be supported by a renewed, nuclear and nimble Board of Directors designed to provide management with direction on strategic and critical issues.
Tracy has 43 years of mining experience, with more than 35 years with Drummond, and has held various positions in the company during that time.
"I am honoured to have been appointed as Drummond Company's new CEO. Mr Drummond's vision and leadership established Drummond as a global leader in coal, coke production and marketing, along with real estate development. He left a great legacy. Along with our outstanding management team and a massive group of loyal, dedicated associates, I am committed to continue driving and executing our growth strategy into this next chapter of the company," commented Mike Tracy.
Along with Dr Mike Drummond's appointment as the new Chairman of the Board, John Drummond, Sr, Dan Davidson, Tom Davidson, Mark Drummond, Beth Stukes, John Davidson, Ed Drummond, and Mike Tracy have also been named as members of the Board.
Dr Mike Drummond expressed confidence in the new board and direction of the company. "These individuals are of high moral character, sound judgment, and have outstanding life skills. All board members, except for Mike Tracy, are members of the Drummond family and are shareholders. Together with the management team at Drummond Company, we will guide Drummond into a new generation of prosperity and success."
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/22072016/corporate-changes-at-drummond-2059/