John Eaves, previously Arch Coal's President and CEO, has been elected chairman and CEO, succeeding Wesley Taylor, who will remain on the board.
"We have been planning for this transition and John's election to chairman is the next logical step as we navigate this dynamic market environment," Taylor said "John has an incredible depth of industry knowledge and a keen ability to execute on our strategy and to guide the company successfully through these unprecedented challenges in coal markets."
The company also announced that Paul Lang, previously Arch's Executive Vice President and Chief Operating Officer, has been selected to be President and Chief Operating Officer. "Paul has made significant contributions to Arch during his tenure and has distinguished himself again and again as a leader in the company," Eaves said. "I am confident he will excel in this role as he continues to drive continuous improvement throughout the organisation."
Additionally, Paul Hanrahan, the former CEO of AES Corp., was elected to the position of Lead Independent Director. "Paul has brought a wealth of knowledge about international and domestic energy markets to the board, particularly in the global power sector," Eaves said. "We consistently call upon Paul for guidance as we manage through rapidly changing coal markets and look forward to his strong and steady leadership in this new role."
Edited by Harleigh Hobbs.
Read the article online at: https://www.worldcoal.com/mining/24042015/arch-coal-announces-changes-to-its-board-of-directors-2210/