ST. LOUIS, Oct. 22, 2015 /PRNewswire/ -- The Board of
Directors of Peabody Energy (NYSE: BTU) today elected Robert A. Malone to the non-executive role of
Chairman of the Board, effective Jan.
1, 2016. The veteran executive has been serving as
Lead Independent Director of Peabody since January 2013. He
will succeed Gregory H. Boyce, who
will retire from Peabody effective Dec. 31,
2015, concluding a comprehensive leadership continuity
initiative that began in 2012.
"Today marks the successful completion of a multi-year
succession planning process," said President and Chief Executive
Officer Glenn Kellow. "On
behalf of the Board of Directors we thank Greg for his many years
of service and wish him the best in retirement. We also
welcome Bob to this position as a valued advisor and well-regarded
energy and mining veteran. Bob is particularly suited to lead
a skilled board that is energized to navigate the current
environment."
Malone has extensive global executive and operational
experience, and has served as a respected member of Peabody's
Compensation, Executive, and Nominating and Corporate Governance
committees. He is the retired Executive Vice President of
British Petroleum (BP) plc and former Chairman of the Board and
President of BP America Inc. Prior to joining BP, Malone was
the President, Chief Executive Officer and Chief Operating Officer
for Alyeska Pipeline Service Company and held a series of senior
positions with Kennecott Copper Corporation. He also
currently serves as Executive Chairman of First Sonora Bancshares,
Inc.
Boyce's Peabody responsibilities capped a distinguished
four-decade career in the resources sector. He joined Peabody
in 2003 as President and Chief Operating Officer and served as
Chief Executive Officer from 2006 to 2015. He also has served
as Chairman of the Board in an executive capacity since 2007.
Under Boyce's leadership, the company expanded significantly into
Australia, increased its global
trading platform, developed an Asia presence and completed several major
acquisitions. Boyce was the only CEO to be named among top
chief executives for both the energy and mining sectors, garnering
recognition from Institutional Investor magazine and the Global
Energy Awards, where he was named 2014 CEO of the Year.
Under his leadership, the company earned more than 225 major
awards for safety, environmental and financial excellence.
Boyce's industry leadership has included chairmanships of the Coal
Industry Advisory Board of the International Energy Agency, World
Coal Association and National Mining Association.
Peabody Energy is the world's largest private-sector coal
company and a global leader in sustainable mining, energy access
and clean coal solutions. The company serves metallurgical
and thermal coal customers in more than 25 countries on six
continents. For further information, visit PeabodyEnergy.com
and AdvancedEnergyForLife.com.
CONTACT:
Vic Svec
(314) 342-7768
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SOURCE Peabody Energy