ST. LOUIS, Dec. 3, 2012 /PRNewswire/ -- In recognition of his three decades of outstanding leadership in the global mining sector and plan to eradicate energy poverty, Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce has been inducted into the Mining Foundation of the Southwest's American Mining Hall of Fame. Boyce accepted the honor at the Foundation's 30th annual awards presentation banquet in Tucson, Ariz.
The Foundation serves to educate the public about mining's past and present, honoring one Board-selected Hall of Fame inductee each year for their outstanding contribution to the mining industry.
"I am both humbled and honored that the Foundation has selected me for inclusion in its Mining Hall of Fame, especially since it includes so many individuals from mining's past and present whose visionary work has helped to shape both the industry and the world we live in," said Boyce. "We must never lose sight of the critical role that mining plays in a global context. Mining is the first link in a commodities supply chain that sustains economic growth and security on a global scale."
Over a three-decade career in mining and energy, Boyce has worked across a wide range of commodities, including copper, uranium, gold and coal. He previously held roles with Kennecott Copper and Rio Tinto, before joining Peabody Energy in 2003 as President and Chief Operating Officer. In 2006, Boyce rose to President and Chief Executive Officer of Peabody and was elected as Chairman of the Board in 2007.
Under Boyce's leadership, Peabody has grown significantly and expanded globally. Since Boyce joined the company, Peabody has increased revenues 265 percent and earnings per share 774 percent. The company has significantly expanded its global footprint, with international contributions growing from just 1 percent when Boyce joined the company to half of the company's mining contributions in 2011.
Boyce also is the architect of the Peabody Plan, which outlines steps to eliminate energy poverty and leads to continued improvement in clean coal technologies through the global buildout of state-of-the-art coal-fueled generation.
Boyce has been recognized with a number of other honors. He is the only CEO to be named among the top chief executives for both the energy and mining sectors, garnering recognition from Institutional Investor magazine and the Global Energy Awards. In 2012, Boyce was named one of America's Most Valuable CEOs by Chief Executive magazine, ranking 36th among S&P 500 chief executives. During his tenure, Peabody has earned more than 100 major honors for safety, financial and environmental excellence, achieved Coaltrans honors as the world's leading coal company recognizing three decades of leadership, and was just recognized for Commodity Excellence at the recent Platts Global Energy Awards.
Foundation President Dr. James Wm. White said Boyce's vision to eradicate global energy poverty had been a key factor in his being unanimously chosen as the 2012 Hall of Fame inductee.
"In addition to showing outstanding leadership throughout his career, Greg has been a tireless advocate for our industry. He continues to educate the public and policymakers alike on the ways in which mining can provide energy solutions that empower people and strengthen economies," said Dr. White.
Boyce holds a Bachelor of Science degree in Mining Engineering from the University of Arizona and an Advanced Management Program degree from Harvard University's Graduate School of Business. He serves as the Deputy Chairman of the Coal Industry Advisory Board of the International Energy Agency and is a former Chairman of the National Mining Association.
He is a member of The Business Council, Business Roundtable, and the National Coal Council where he was Study Chair of the council's report, "Coal: America's Energy Future." He is a member of the Board of Directors of Marathon Oil Corporation. In addition, he is a member of the Board of Trustees of St. Louis Children's Hospital and Washington University in St. Louis and is a member of the Advisory Council of the University of Arizona's Department of Mining and Geological Engineering.
Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents. For further information, go to PeabodyEnergy.com and CoalCanDoThat.com.
SOURCE Peabody Energy