Walter Energy names Harvey as new CFO

Walter Energy Inc. (NYSE: WLT) (TSX: WLT), a major coal producer in the U.S. and western Canada, said June 1 that it has hired William “Bill” Harvey as its CFO, effective July 9.

“I am confident that Bill will be an excellent fit with our senior management team,” said Walt Scheller, CEO of Walter Energy. “Bill is a proven strategic leader and problem-solver. He brings to Walter Energy a strong personal and professional background and expertise. I look forward to working with him to accomplish our financial and organizational goals and to enhance shareholder value.”

Harvey was previously Senior Vice President and CFO of Resolute Forest Products (formerly AbitibiBowater), a global forest products company listed on the New York Stock Exchange and the Toronto Stock Exchange. He worked at Resolute for more than 20 years and excelled in increasingly challenging positions, including playing a major role in the 2007 merger of Abitibi-Consolidated and Bowater, which resulted in a $7bn revenue company.

Harvey will succeed Robert Kerley, who is serving as Interim Principal Financial Officer and who will continue to serve as Walter Energy’s Vice President, Corporate Controller and Chief Accounting Officer.

Walter Energy produces thermal coal, anthracite, metallurgical coke and coalbed methane gas at operations in Alabama, West Virginia, western Canada and the United Kingdom. It expanded beyond Alabama with a 2011 buy of publicly-traded Western Coal, which triggered its current dual-listing status in the U.S. and Canada.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.