Arch Coal (NYSE: ACI) said April 16 that C. Henry Besten, senior vice president of strategic development, plans to retire in June after 40 years of service with Arch and its predecessor companies.
“Henry has contributed greatly to Arch Coal’s growth and success since the corporation’s very earliest days,” said Steven Leer, Arch chairman and CEO. “He has contributed significantly to our corporate strategy and has mentored many members of our organization’s leadership team over the years, and in doing so has left an indelible mark on the organization.”
Besten joined one of Arch’s predecessor companies in 1972 and has served in marketing, trading, technology, strategy, financial and administrative positions over his 40-year career. He has served as a member of Arch’s senior officer team since the corporation’s formation in 1997, and was a member of the leadership team at Central Appalachia producer Ashland Coal from 1986 until its merger with the more regionally diversified Arch Mineral in 1997.
During his tenure, Besten led Arch’s highly successful integration efforts following the acquisitions of International Coal Group and the Jacobs Ranch mine in Wyoming, among other operations. Among many other notable achievements, Besten was a co-founder and the original president of the U.S. Coal Trading Association.
St. Louis-based Arch Coal is a top five global coal producer and marketer, with 155 million tons of coal sold in 2011. Arch is the most diversified American coal company, with more than 20 active mining complexes across every major U.S. supply basin.