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New CFO for Foresight Energy

Published by
World Coal,

Foresight Energy LP’s Senior Vice President and Chief Financial Officer, Oscar Martinez, is set to resign from the company on 13 November.

“I would like to thank Oscar for his leadership and contributions to our success,” commented Chris Cline, Founder of Foresight. “He helped maintain our cost leadership and fund our capital investment during a period in which Foresight more than doubled in size.”

Martinez’s departure is part of the company’s integration plan that combined the corporate functions of Foresight and Murray Energy Corp., which were made in the formed partnership earlier this year.

James Murphy, currently Chief Accounting Officer, will assume the duties of Principal Financial as of 6 November.

“Jim brings a deep level of dedication and knowledge to this role and I look forward to working closely with him and the rest of our finance and accounting team,” stated Robert Moore, Foresight’s President and CEO. “I also wish to thank Oscar for his dedication to the integration process and for his commitment to the success of this partnership.”

Edited from press release by Harleigh Hobbs

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