Westmoreland Coal Co. has increased the size of its Board of Directors from 8 to 9 directors following the 2016 Annual Meeting and announced several changes to its Board of Directors designed to bring additional industry expertise and shareholder representation.
Richard Klingaman, current Chairman of the Board, will retire from the Westmoreland Board when his current term expires at the Annual Meeting. Klingaman has served on the Board since 2006.
Replacing Klingaman and filling the additional director position created through the expansion of the Board, Robert Flexon and Robert Tinstman have been nominated by the Board of Directors to stand for election as part of Westmoreland’s slate of director nominees at the Annual Meeting.
Flexon, Chief Executive Officer of Dynegy Inc., leads a dynamic and growing power generation company that currently runs 26 000 MW of power generation capacity. Tinstman, retired CEO of Morrison Knudsen, brings extensive operational and executive experience in the mining and construction industry to the Board.Jan Packwood, Vice Chairman, speaking on behalf of the Board of Directors, said: “As Chairman of the Board, Dick Klingaman played a pivotal role in helping to lay the foundation for the future of Westmoreland. With strong and thoughtful leadership, Dick oversaw the successful restructuring of the company beginning in 2007 and brought Westmoreland to a place of financial stability and growth. On behalf of the Board, employees and shareholders, we are extremely grateful for his many significant contributions to Westmoreland and wish him the best in his retirement.”
Kevin Paprzycki, Chief Executive Officer, noted: “We are pleased to nominate Robert Flexon and Robert Tinstman to serve on our Board of Directors. Bob Flexon brings extensive capital markets experience to the Board and a deep understanding of the entire power generation sector. Bob Tinstman’s mining services experience and public company leadership adds a valuable perspective to our Board. We look forward to benefiting from their insights and judgment as we continue to execute on our business model.”
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/29022016/westmoreland-expands-board-of-directors-313/