ST. LOUIS, May 3, 2021 /PRNewswire/ -- Following an
extensive search process, Peabody's Board of Directors today
announced the appointment of James (Jim)
Grech to the position of President and Chief Executive
Officer effective June 1, 2021.
"On behalf of the full board, I'd like to welcome Jim to
Peabody. Jim's extensive operational, commercial and
financial experience in mining, utilities and other fuel sources
will be instrumental to Peabody's success moving forward," said
Bob Malone, Chairman of the Board.
"I'd also like to thank Glenn for his dedicated service
during a very difficult time for the company and for his commitment
to facilitate an orderly transition."
Jim has over 30 years of experience in the coal and natural
resources industries, most recently serving as Chief Executive
Officer of Wolverine Fuels, a U.S. thermal coal producer and
marketer. Prior to joining Wolverine Fuels, Jim served as
President of Nexus Gas Transmission as well as the Chief Commercial
Officer and Executive Vice President of Consol Energy. Jim
holds a Bachelor of Science in Electrical Engineering from
Lawrence Technological University and
an MBA from the University of Michigan.
"I look forward to joining Peabody's talented workforce and
shaping the company's strategic path forward to maximize value for
all stakeholders," said Jim Grech.
"I'm impressed by the significant strides the company has
made during a difficult period and am excited to further improve
the competitiveness of Peabody."
Pursuant to the previously announced employment transition
agreement, Glenn Kellow, current
President and Chief Executive Officer of Peabody, will step down
from his position upon the effective date of Jim's
appointment. In addition, should Glenn be re-elected as a
director at the company's upcoming Annual Meeting of Shareholders
scheduled for May 6, 2021, the board
currently expects to appoint Jim to replace Glenn and serve as a
board member until the next Annual Meeting contemporaneously at the
effective date of his employment. Jim is also expected to be
appointed to serve on the Executive Committee of the Board.
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:
Alice
Tharenos
314.342.7890
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SOURCE Peabody