Kentucky-based coal producer Rhino Resource Partners LP (NYSE: RNO) said Aug. 20 that David Zatezalo, President, CEO and Director of Rhino GP LLC, the company’s general partner, is retiring from the office of President as of Aug. 20.
The general partner has named Christopher Walton, Rhino GP’s Senior Vice President and COO, to the position of President. Zatezalo will retire as CEO on or before Oct. 18, but does intend to continue to remain active in the partnership going forward. The partnership expects to conclude an agreement where Zatezalo will continue his employment in a role that requires a reduced time commitment. Upon stepping down as CEO, Zatezalo will become Chairman of the Board of Directors of Rhino GP. Mark Zand, the current Chairman, will remain a director of Rhino GP.
Zand commented: “We appreciate the many significant contributions that Dave has provided to the business during his tenure with the company. Dave’s leadership and vision has guided the Partnership through challenging times in the coal markets and has positioned Rhino as a strong, diversified energy company.”
Zand added: “We are excited about the appointment of Chris Walton as President as Chris brings extensive knowledge to Rhino’s coal operations. Chris’ knowledge and leadership abilities will further build upon the Partnership’s outstanding operations and safety record.”
Zatezalo said: “I am excited about my continued role with Rhino as we look to build on the transformation of the Partnership with our diversified energy projects. The development of the Riveredge mine on our Pennyrile property in western Kentucky continues to be one of my main focus areas as well as the continued advancement of our Utica Shale oil and gas investment. “
Walton said:”I look forward to my new role as President of Rhino as we build upon our already outstanding operational and safety record. I appreciate Dave’s many contributions and I am excited to work with Dave going forward as we continue to make Rhino an even stronger company.”