ST. LOUIS, Feb. 26, 2015 /PRNewswire/ -- Arch Coal,
Inc. (NYSE: ACI) today announced that James
A. Sabala, 60, has been elected to its board of directors,
effective immediately. Sabala will serve on the board's audit and
finance committees.
"We are very pleased to welcome Jim to our board," said
John W. Eaves, Arch's president and
CEO. "Jim is a highly respected leader in the mining sector, and
brings with him tremendous financial acumen and a wealth of
knowledge and expertise in corporate finance. I am confident he
will be a valuable addition to the Arch board, and we look forward
to his counsel as we continue to position Arch for long-term
success in domestic and international coal markets."
Sabala currently serves as the senior vice president and chief
financial officer of Hecla Mining Company, a precious metal mining
company headquartered in Coeur d'Alene, Idaho. Prior to joining Hecla in 2008, Sabala
served as executive vice present and chief financial officer for
Coeur d' Alene Mines Corporation and vice president and chief
financial officer for Stillwater Mining Company. Sabala also held
various other positions with Coeur d'Alene Mines including
controller, treasurer and vice president of finance. Early in his
career, Sabala worked as a certified public accountant for Price
Waterhouse and Company.
Sabala completed Stanford
University's Executive Education Financial Management
program, a joint Stanford and
London School of Business'
International Investment Management program and earned a Bachelor
of Science degree in business and accounting from the University of Idaho. In addition, Mr. Sabala serves
on the Advisory Board to the University of
Idaho College of Business.
For a full list of directors, committee assignments and other
corporate governance documents, visit Arch's website at
http://investor.archcoal.com.
U.S.-based Arch Coal, Inc. is one of the world's top coal
producers for the global steel and power generation industries,
serving customers on five continents. Its network of mining
complexes is the most diversified in the
United States, spanning every major coal basin in the
nation. The company controls more than 5 billion tons of
high-quality metallurgical and thermal coal reserves, with access
to all major railroads, inland waterways and a growing number of
seaborne trade channels. For more information, visit
www.archcoal.com.
Forward-Looking Statements: This press release contains
"forward-looking statements" – that is, statements related to
future, not past, events. In this context, forward-looking
statements often address our expected future business and financial
performance, and often contain words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," or
"will." Forward-looking statements by their nature address
matters that are, to different degrees, uncertain. For us,
particular uncertainties arise from changes in the demand for our
coal by the domestic electric generation industry; from legislation
and regulations relating to the Clean Air Act and other
environmental initiatives; from operational, geological, permit,
labor and weather-related factors; from fluctuations in the amount
of cash we generate from operations; from future integration of
acquired businesses; and from numerous other matters of national,
regional and global scale, including those of a political,
economic, business, competitive or regulatory nature. These
uncertainties may cause our actual future results to be materially
different than those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by law. For a
description of some of the risks and uncertainties that may affect
our future results, you should see the risk factors described from
time to time in the reports we file with the Securities and
Exchange Commission.
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SOURCE Arch Coal, Inc.