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Posted 03 June, 2021

PEABODY ENERGY CORP appointed James C. Grech as new CEO

NYSE:BTU appointed new Chief Executive Officer James C. Grech in a 8-K filed on 03 June, 2021.


  As previously disclosed, the Board of Directors (the "Board") of Peabody Energy Corporation (the "Company") appointed James C. Grech as President and Chief Executive Officer of the Company effective as of June 1, 2021.  

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Overview of PEABODY ENERGY CORP
Basic Materials/Resources • Coal
Peabody Energy Corp. engages in the business of coal mining. It operates through the following business segments: Powder River Basin, Midwestern U.S., Western U.S., Seaborne Metallurgical, Seaborne Thermal Mining and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming. The Midwestern U.S. includes Illinois and Indiana mining operations. The Western U.S. reflects the aggregation of its New Mexico, Arizona and Colorado mining operations. The Seaborne Metallurgical covers mines in Queensland, Australia. The Seaborne Thermal Mining handles operations in New South Wales, Australia. The Corporate and Other segment includes selling and administrative expenses, results from equity affiliates, corporate hedging activities and trading and brokerage activities. The company was founded by Francis S. Peabody in 1883 and is headquartered in St. Louis, MO.
Market Cap
$1.55B
View Company Details
PEABODY ENERGY CORP by TradingView
Relevant filing section
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


As previously disclosed, the Board of Directors (the "Board") of Peabody Energy Corporation (the "Company") appointed James C. Grech as President and Chief Executive Officer of the Company effective as of June 1, 2021. On June 2, 2021, the Board of Directors of the Company appointed Mr. Grech to serve as a director of the Company, effective as of June 1, 2021, with a term expiring at the Company's 2022 Annual Meeting of Stockholders. Mr. Grech will serve as a member of the Board's Executive Committee. Mr. Grech will receive no additional compensation for serving as a director. 

Mr. Grech, age 59, has over 30 years of experience in the natural resources industry. Most recently, Mr. Grech served as CEO and a member of the Board of Directors of Wolverine Fuels, LLC, a thermal coal producer and marketer based in Sandy, Utah, from July 2018 until May 2021. Prior to joining Wolverine Fuels, LLC, Mr. Grech served as President of Nexus Gas Transmission from October 2016 to July 2018, and previously held the position of Chief Commercial Officer and Executive Vice President of Consol Energy. Mr. Grech brings a strong operational, commercial and financial background in both mining and other energy business operations and has extensive utilities and capital markets experience. Mr. Grech holds a Bachelor of Science in Electrical Engineering from Lawrence Technological University and an MBA from the University of Michigan. 

There are no family relationships, as defined in Item 401 of Regulation S-K, between Mr. Grech and any of the Company's directors, executive officers, or persons nominated or chosen to become a director or executive officer. There is no arrangement or understanding between Mr. Grech and any other person pursuant to which he was appointed as the Company's President and Chief Executive Officer. There are no transactions or proposed transactions in which Mr. Grech has any direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K.