Arch Coal Inc.
recently released its proposed membership for its new board of directors, which,
contingent upon approval by the company’s Plan of Reorganization, will lead the
company as it emerges from Chapter 11 bankruptcy.
"We look forward
to welcoming a new board of independent directors with the right mix of
experience and business acumen to help guide Arch in a rapidly evolving and
highly dynamic market environment," Arch CEO John Eaves said.
"These directors bring proven track records and diverse perspectives from
both inside and outside our industry. I am confident that their leadership will
contribute to Arch's future success.”
The proposed board
members include: Patrick Bartels Jr., James Chapman, Sherman Edmiston
III, Patrick Kriegshauser, Richard Navarre and Scott Vogel. The board
members will take over following confirmation of the plan in the U.S.
Bankruptcy Court for the Eastern District of Missouri.
“I look forward to
working with the new board to create value, to achieve operational excellence,
to maintain our leadership in mine safety and environmental stewardship, and to
serve the needs of our customers in the metallurgical and power-generation
industries."
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