Peabody Energy Corp. (BTU) announced that senior mining executive Glenn Kellow will join the company in the position of President and Chief Operating Officer. Glenn will report to the Chairman and Chief Executive Officer Gregory H. Boyce and serve as a member of Peabody's executive leadership team.
Kellow has efficiently performed in several executive, operational and financial roles in companies dealing with coal and other commodities.
Kellow brings with him his international experience to Peabody’s management team. The company is expected to benefit from his vast experience and decision making capabilities. Kellow will look after Peabody's global operations including safety, production, sales/marketing, environmental, productivity improvement, engineering and planning.
Kellow will relocate from Perth, Australia to Peabody's global headquarters in St. Louis. President of the Americas Kemal Williamson, Chairman of Australia Eric Ford, President of Australia Charles Meintjes, President of Asia/Trading Chris Hagedorn and Executive Vice President and Chief Technical Officer Jeane Hull will report to Kellow.
Peabody is an important operator in the global coal industry. Global coal demand is yet to recover fully and the supply glut is bringing down the selling price of coal. In such a scenario, Kellow’s addition is expected to bring in fresh ideas and help the company to improve its performance in the upcoming quarters.
Peabody Energy presently has a Zacks Rank #3 (Hold). Meanwhile other stocks in the coal sector that are currently performing well include Alliance Holdings GP, L.P. (AHGP), Alliance Resource Partners L.P. (ARLP) and Oxford Resource Partners, L.P. (OXF). Alliance Holdings and Alliance Resource carry a Zacks #1 Rank (Strong Buy), while Oxford Resource Partners carries a Zacks Rank #2 (Buy).
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