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Alpha Natural Taps Chief Commercial Officer As President

DOW JONES NEWSWIRES Alpha Natural Resources Inc. (ANR) has appointed Paul Vining, currently the coal company's chief commercial officer, as president, succeeding Kurt Kost. The move comes just weeks after the company said its chairman would retire, and would be succeeded by the company's chief executive. Alpha Natural is facing constrained prices and weakened demand for power-plant coal in the U.S., as cheap natural gas floods the market. Vining, 57 years old, will continue to have responsibility for sales and marketing, as well as taking responsibility for Alpha's mining operations. "I firmly believe that combining our mining operations with our sales and marketing efforts at this time will create the most effective business model for Alpha and provide new opportunities for growth and synergy," said Chief Executive Kevin Crutchfield. Vining joined Alpha Natural in 2011 after serving in an executive role at Patriot Coal Corp. (PCX). Vining was also chief executive at Magnum/Trout Coal, and served in sales and trading leadership positions at Peabody Energy Corp. (BTU). The outgoing president, Kost, 55, had been in that role since 2008, and at the company for 31 years. As president, he oversaw the company's acquisitions of Foundation Coal, the nation's fourth-largest coal company at the time of the 2009 deal, and Massey Energy. He will remain with the company until the end of May in an advisory role. Shares were up 2% to $14.55 in premarket trading. -By Kristin Jones; Dow Jones Newswires; 212-416-2208; kristin.jones@dowjones.com

Stock News for Peabody (BTU)
DateTimeHeadline
08/21/201516:34:38Statement of Changes in Beneficial Ownership (4)
08/17/201510:18:37Initial Statement of Beneficial Ownership (3)
08/17/201509:27:59Proxy Statement (definitive) (def 14a)
08/10/201517:08:09Proxy Soliciting Materials (revised) (prer14a)
08/07/201512:04:56Quarterly Report (10-q)
08/04/201513:16:00Peabody Energy Appoints A. Verona Dorch As Executive Vice President...
08/03/201511:40:00Statement Of Peabody Energy On EPA's Carbon Regulations
07/29/201517:14:24Proxy Statement - Notice of Shareholders Meeting (preliminary...
07/29/201509:10:00Quarterly Financial Review - Report on Peabody Energy
07/28/201508:18:22Current Report Filing (8-k)
07/28/201508:00:00Peabody Energy Announces Results For The Quarter Ended June 30...
07/22/201511:41:00Investigation of Peabody Energy Corporation Announced by The...
07/16/201509:05:16Current Report Filing (8-k)
07/15/201511:16:00Peabody Energy To Announce Results For The Quarter Ended June...
07/09/201510:50:06Initial Statement of Beneficial Ownership (3)
07/08/201519:18:22Peabody Sells Shuttered Australian Coal Mine
07/08/201517:30:00Peabody Energy Enters Into Agreement To Sell Wilkie Creek Mine...
07/08/201516:09:03Peabody Energy Corporation Gets Good News, Stock Falls 10%
07/08/201506:02:50Current Report Filing (8-k)
07/07/201516:19:00BTU SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP...

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