Peabody today announced that William "Bill" Champion has been appointed to the company's Board of Directors. Most recently, Champion was Principal at Gladiator Mining Group LLC and previously served in several executive management roles at Rio Tinto Plc, including as Managing Director of Rio Tinto's former Australian coal assets. Separately, Teresa Madden has resigned from the Peabody board and Nick Chirekos will be [...]
Peabody announced today Mark Spurbeck has been named Executive Vice President and Chief Financial Officer. Mark joined Peabody in early 2018 and has most recently served as the company's Senior Vice President and Interim Chief Financial Officer since January 2020. "We are pleased for Mark to officially step into this key leadership post," said Peabody President and Chief Executive Officer Glenn Kellow. "Mark's extensive [...]
Ensuring the health and safety of employees and communities, and safeguarding financial flexibility during COVID-19; Implemented cost reduction activities with further actions underway, goal for all mines to demonstrate path to cash generation at lower pricing levels; Suspending 2020 guidance given global economic uncertainty. Peabody today announced its first quarter 2020 operating results, including revenues of $846.2 [...]
On Wednesday, April 29, 2020, Peabody will announce results for the quarter ended March 31, 2020. A conference call with management is scheduled for 10 a.m. CDT on Wednesday, April 29. The call, replay and other investor data will be available at PeabodyEnergy.com. Participants may also access the call using the following phone numbers: U.S. and Canada 312-3049 Australia 1800 849 976 United Kingdom 0808 238 9907 For all [...]
Peabody announced today that is has changed the format of its upcoming annual meeting of stockholders being held on May 7, 2020 at 9 a.m. to a virtual meeting only. Stockholders may attend and participate in the meeting online via live audio webcast, but will not be able to attend the meeting in person. The move to a solely virtual meeting format is to protect the health and safety of the meeting participants during the [...]
Emphasizing that the case for combining assets has only grown stronger in recent months, Arch Coal and Peabody today announced that they intend to continue to pursue creation of a joint venture to strengthen coal's competitiveness with other energy sources and create substantial value for multiple stakeholders. The announcement follows a negative split decision by the U.S. Federal Trade Commission that advances the [...]
Emphasizing that the case for combining assets has only grown stronger in recent months, Peabody and Arch Coal today announced that they intend to continue to pursue creation of a joint venture to strengthen coal's competitiveness with other energy sources and create substantial value for multiple stakeholders. The announcement follows a negative split decision by the U.S. Federal Trade Commission that advances the [...]
Peabody announced today that it will appoint several new members to the company's Board of Directors in conjunction with the February Board meeting, including Elliott Management Equity Partner Dave Miller, Elliott Management Portfolio Manager Samantha Algaze and tenured coal industry executive Darren Yeates. Peabody and Elliott have also agreed to add a fourth independent director with extensive mining operations [...]
Fourth quarter reflects 10-percent cost-per-ton improvement in three operating segments; Lowering capital expenditures and suspending dividends in light of industry conditions and portfolio changes; Emphasizing debt reduction to maintain financial strength; Continuing to progress regulatory process for proposed PRB/Colorado JV; Commencing commercial process for North Goonyella Mine in tandem with ongoing mine development [...]
Peabody announced today that the company has named Mark Spurbeck as Interim Chief Financial Officer replacing Amy Schwetz, who will be taking the Chief Financial Officer position at a leading NYSE-listed industrial company. Schwetz will continue with Peabody in coming weeks to ensure a smooth transition. "Mark is an accomplished financial leader at Peabody and other major companies, and we welcome him to fill this key [...]
On Wednesday, Feb. 5, 2020, Peabody will announce results for the quarter ended Dec. 31, 2019. A conference call with management is scheduled for 10 a.m. CST on Wednesday, Feb. 5. The call, replay and other investor data will be available at PeabodyEnergy.com. Participants may also access the call using the following phone numbers: U.S. and Canada 312-3049 Australia 1800 849 976 United Kingdom 0808 238 9907 For all other [...]
Peabody today recognized the distinguished work of organizations and individuals to advance clean coal technologies with the company's annual Peabody Global Clean Coal Leadership Awards. The awards were presented at POWER-GEN International in New Orleans, La., and included the categories of High-Efficiency, Low-Emissions Innovator; Carbon Capture, Use and Storage Innovator; Clean Coal Advocate and Clean Coal Educator [...]
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