ST. LOUIS, March 18, 2021 /PRNewswire/ -- Today, the
Peabody Board of Directors announced that the company and
Glenn Kellow, President and CEO,
have entered into a leadership transition agreement as part of its
succession planning process. Under this agreement, Mr. Kellow
will be leaving the company by Aug.
31, 2021. The Board has underway a comprehensive
search process to identify Mr. Kellow's successor. While this
search is underway, Mr. Kellow will continue in his current role,
including as a Board member, until a successor has been appointed,
which is intended to be before Aug.
31, 2021.
"On behalf of the board of directors, I'd like to thank Glenn
for his tireless commitment to Peabody and its employees,
shareholders, stakeholders and communities it serves over the past
six years," said Peabody Non-Executive Chairman Bob Malone. "Glenn led the company through
very difficult times and has put in place a strong team moving
forward. We appreciate Glenn's commitment to continue to lead
the company and to facilitate a smooth and orderly transition as
the board progresses its search process for Peabody's next
CEO."
"During my time at Peabody, I've had the privilege of working
with some of the best people in the industry and remain committed
to their and the company's future success," said Peabody President
and CEO Glenn Kellow. "I am
proud of what the Peabody team has accomplished and look forward to
working closely with the Board and my successor to ensure a
seamless transition."
Glenn joined Peabody in 2013, bringing over three decades of
experience in the global resources industry, and was appointed
President and CEO in 2015. In addition to continuing in his
current role during the transition period, Glenn has also agreed to
provide consulting support to the company's next CEO for a period
of up to one-year. The company will be filing a Form 8-K
today with the U.S. Securities and Exchange Commission containing
the agreement with Mr. Kellow.
Peabody (NYSE: BTU) is a leading coal producer, providing
essential products to fuel baseload electricity for emerging and
developed countries and create the steel needed to build
foundational infrastructure. Our commitment to sustainability
underpins our activities today and helps to shape our strategy for
the future. For further information, visit
PeabodyEnergy.com.
Contact:
Julie
Gates
314.342.4336
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SOURCE Peabody