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Posted 22 February, 2024

SunCoke Energy, Inc. appointed Gates as new CEO

NYSE:SXC appointed new Chief Executive Officer Gates in a 8-K filed on 22 February, 2024.


  A copy of the press release announcing Mr. Rippey's retirement and the appointment of Ms. Gates as both CEO and President is attached as Exhibit 99.1 to this Current Report on Form 8-K.  

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Overview of SunCoke Energy, Inc.
Basic Materials/Resources • Coal
SunCoke Energy, Inc. engages in the production of coke through heating metallurgical coal in a refractory oven. It operates through the following segments: Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of the Jewell facility located in Vansant, Virginia, the Indiana Harbor facility located in East Chicago, Indiana, the Haverhill facility located in Franklin Furnace, Ohio, the Granite City facility located in Granite City, Illinois and the Middletown facility located in Middletown, Ohio. The Brazil Coke segment focuses on the operations in Vitória, Brazil. The Logistics segment refers to the CMT, KRT, and Lake Terminal, which provide services to the Indiana Harbor coke making facility and DRT, which involves services to the Jewell coke making facility. The company was founded in December 2010 and is headquartered in Lisle, IL.
Market Cap
$907M
View Company Details
SunCoke Energy, Inc. 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.


On February 22, 2024, SunCoke Energy, Inc. (the "Company") announced Michael G. Rippey's retirement as Chief Executive Officer ("CEO") and his resignation from the Company's Board of Directors (the "Board"), effective May 15, 2024. The Company also announced that current President, Katherine T. Gates, will succeed Mr. Rippey as CEO, effective upon his retirement. These changes are occurring as part of a deliberately planned leadership succession process.


Ms. Gates (age 47) joined the Company in February 2013, and has served as a member of the Board and as President since January 1, 2023. Ms. Gates will continue to serve on the Board as a Director. Ms. Gates does not have any family relationship with any of the Company's Directors or executive officers or any persons nominated or chosen by the Company to be a Director or an executive officer. She has no direct or indirect material interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.


As President and CEO, Ms. Gates will receive an annual base salary of $900,000, and will continue to be eligible to receive an annual non-equity incentive plan target award equal to 100% of her base salary. She will receive such long-term incentive compensation awards as determined by the Board and will remain eligible to participate in the Company's executive severance plans and its comprehensive benefit plans, including 401(k) defined contribution and related plans. 


A copy of the press release announcing Mr. Rippey's retirement and the appointment of Ms. Gates as both CEO and President is attached as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933 or the Exchange Act.