BRISTOL, Va., Jan. 7, 2015 /PRNewswire/ -- Alpha Natural
Resources, Inc. (NYSE: ANR) announced today that Chief Financial
Officer Frank Wood will retire
effective February 28, 2015. At
that time, Alpha's Executive Vice President and Chief Strategy
Officer, Philip J. Cavatoni, will
assume the additional duties of the CFO.
Wood joined Alpha Natural Resources as part of its merger with
Foundation Coal in 2009. While with Foundation, Wood served
as Senior Vice President and Chief Financial Officer from 2004
through the completion of the merger. He also served in the
same roles for RAG American Coal Holding, Inc. from 1999 to
2004. From 1993 to 1999, Wood was Vice President and
Controller at Cyprus Amax Coal Company, and from 1991 to 1993, he
was Vice President of Administration at Cannelton, Inc. Mr. Wood
held various accounting and financial management positions at AMAX
Inc.'s coal and oil and gas subsidiaries from 1979 to
1991.
Alpha Natural Resources Chairman and CEO Kevin Crutchfield praised Wood's contributions
to the company and industry. "During his time at Alpha and
throughout his tremendous 35-year career in the coal sector, Frank
has established himself as one of the most respected financial
professionals in the business. More than that, he is an
institution within this industry. We are sad to see him go,
but wish him well on a retirement well earned."
Already a member of Alpha's Management Committee, Philip Cavatoni's role with the corporation will
be expanded to Executive Vice President and Chief Financial and
Strategy Officer. Cavatoni has been with Alpha Natural
Resources since 2009. Prior to joining the company, Cavatoni
held numerous positions with J.P. Morgan, beginning in 1991.
He earned his B.S. from Drexel in 1986 and his MBA from the
University of Chicago's Booth School of
Business.
Currently serving as Senior Vice President and Controller of a
key Alpha subsidiary, Alan W. Jones
Jr. will join Alpha's Management Committee and be promoted
to Alpha's Chief Accounting Officer and Controller. In this
role, Mr. Jones will report directly to Mr. Cavatoni. Jones
joined Alpha Natural Resources in 2009 from Ernst and Young, where
he was a partner and spent 17 years serving primarily large public
corporations in the mining, energy, utility and consumer products
sectors.
"As much as we will miss Frank's contributions to this company,
I am pleased that Alpha has executives of Phil's and Alan's high
caliber to step in and seamlessly fill this role," Crutchfield
said. To further assist a smooth transition, Wood will continue to
advise the company for several months after his retirement.
About Alpha Natural Resources
Alpha Natural Resources
is one of the largest and most regionally diversified coal
suppliers in the United States.
With affiliate mining operations in Virginia, West
Virginia, Kentucky,
Pennsylvania and Wyoming, Alpha supplies metallurgical coal to
the steel industry and thermal coal to generate power to customers
on five continents. Consistent with its Running Right
process, Alpha is committed to being a leader in mine safety and an
environmental steward in the communities where its affiliates
operate. For more information, visit Alpha's website
(www.alphanr.com).
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SOURCE Alpha Natural Resources, Inc.