Arch Coal Elects Two New Board Members
ST. LOUIS, July 21, 2010 -- Arch Coal, Inc. (NYSE: ACI) today announced that J. Thomas Jones, CEO of West Virginia United Health System, and Peter I. Wold, president of Wold Oil Properties, have been elected to the company's board of directors. With today's additions, Arch Coal now has a 14-person board.
"Electing two solution-oriented business leaders to our board will help us maintain the highest level of accountability and integrity," said Chairman and CEO Steven F. Leer. "We're pleased to add the perspectives of Tom and Peter, which include regional expertise in two of Arch's key operating states - West Virginia and Wyoming."
Jones currently serves as CEO of West Virginia United Health System, which ranks as the state's largest healthcare network and second largest private employer in West Virginia, with a workforce of 7,500. He also currently serves as secretary of the West Virginia State Chamber's board of directors. Previously, he served as the CEO of Genesis Hospital System as well as executive director and CEO of St. Mary's Hospital. He also has served as chairman of the Chamber of Commerce in Huntington and is chair-elect in Morgantown, as well as past chairman of the West Virginia Business Roundtable.
Jones is a graduate of West Virginia University and holds a master's degree in healthcare administration from the University of Minnesota. Jones also serves on the boards of Premier, Inc., Health Partners Network, American Hospital Association and Discover the Real West Virginia Foundation.
Wold formed Wold Oil Properties, Inc. in 1994 and serves as the company president. He concurrently serves as secretary and treasurer of American Talc. He also serves as chairman of the Wyoming Enhanced Oil Recovery Commission. He previously served as a member of the Wyoming House of Representatives as well as a representative on the Bureau of Land Management's National Public Lands Advisory Council.
Wold is a graduate of Colorado State University. Wold also serves on the New York Board of Oppenheimer Funds, Inc.
St. Louis-based Arch Coal is the second largest U.S. coal producer. Through its national network of mines, Arch supplies cleaner-burning, low-sulfur coal to fuel roughly 8 percent of the nation's electricity. The company also ships coal to domestic and international steel manufacturers as well as international power producers. A complete list of Arch's board members is posted online at http://investor.archcoal.com/phoenix.zhtml?c=107109&p=irol-govBoard.
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