|Chairman Steve Leer to Retire from Arch Coal's Board Following Long, Distinguished Tenure|
"It has been a tremendous honor to work with the talented men and women of
"It has been a privilege to work closely with Steve for the past 20 years," said
"I am honored to accept this new role," Taylor said. "
"Wes is a proven leader with great vision and a deep understanding of U.S. and global energy markets," said Eaves. "He is uniquely equipped to lead the board during this period of unprecedented change in the U.S. coal industry, and I look forward to working with him to address the challenges and capitalize on the opportunities that are sure to arise in such a dynamic market environment."
A graduate of
In addition, Arch announced that
"Paul has made a significant contribution to Arch's growth and success in recent years," Eaves said. "He has played a key role in establishing Arch as the industry leader in safety and environmental stewardship, demonstrated a passion for continuous improvement across the entire mining platform, and helped the company penetrate new markets overseas. His election to the board is a logical next step, and I am confident he will be a great addition."
In his current capacity, Lang has responsibility for the mining and marketing of all of Arch's coal production, which totaled nearly 140 million tons in 2013, as well as its trading, transportation, corporate procurement and process improvement efforts.
Prior to assuming his current position, he served as the corporation's executive vice president of operations and senior vice president of operations. He has held various other engineering, operations and management positions in both the eastern and western
Forward-Looking Statements: This press release contains "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties arise from changes in the demand for our coal by the domestic electric generation industry; from legislation and regulations relating to the Clean Air Act and other environmental initiatives; from operational, geological, permit, labor and weather-related factors; from fluctuations in the amount of cash we generate from operations; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. For a description of some of the risks and uncertainties that may affect our future results, you should see the risk factors described from time to time in the reports we file with the