PERTH (miningweekly.com) – New York listed coal miner Peabody Energy is hunting for a new president and CEO, with Glenn Kellow announcing his intention to resign from the company at the end of August this year.
Peabody told shareholders that while the search for a successor was under way, Kellow would continue on in his current role, including as a member of the board, until a successor has been appointed.
"On behalf of the board of directors, I'd like to thank Kellow for his tireless commitment to Peabody and its employees, shareholders, stakeholders and communities it serves over the past six years," said Peabody non-executive chairperson Bob Malone.
"[He] led the company through very difficult times and has put in place a strong team moving forward. We appreciate Kellow's commitment to continue to lead the company and to facilitate a smooth and orderly transition as the board progresses its search process for Peabody's next CEO."
Kellow joined Peabody in 2013, bringing over three decades of experience in the global resources industry, and was appointed president and CEO in 2015. In addition to continuing in his current role during the transition period, he has also agreed to provide consulting support to the company's next CEO for a period of up to one-year.