Peabody Energy (NYSE: BTU) announced Jan. 22 that President and Chief Operating Officer Glenn L. Kellow has been named President and CEO-Elect and will become CEO effective May 4.
Current Chairman and CEO Gregory H. Boyce will remain as Executive Chairman of the Board. Kellow has also been named to Peabody’s Board of Directors.
“We are very pleased to name Glenn as CEO-Elect and have him join Peabody’s Board of Directors,” said Boyce. “Since joining Peabody in 2013, Glenn has led an operational team that has significantly improved safety, productivity and costs, while also overseeing corporate strategy, marketing and business development. Glenn brings substantial experience in multiple countries and multiple commodities throughout a highly successful career in global resources.”
Kellow has worked across a broad range of commodities spanning three decades. Prior to joining Peabody, which is the largest U.S. coal producer, he held multiple leadership posts on three continents over a 28-year career with BHP Billiton. He ultimately served as president of the multinational aluminum and nickel business with operations in South Africa, Australia, Mozambique and Colombia.
“With its proud 132-year history, deep leadership bench, great people and high-quality assets, it will be my privilege to lead the pre-eminent company in the sector,” said Kellow. “We continue to take all necessary steps to work through the challenging market downturn and are well positioned to benefit when coal markets improve.”
In Boyce’s role as Executive Chairman, he will continue his governance oversight duties as Chairman of the Board, provide strategic support to the CEO and remain involved in the company’s leadership initiatives in global advocacy, government relations and external outreach. Boyce joined Peabody in 2003 as Chief Operating Officer and in 2006 was named Chief Executive Officer. Boyce also continues in his role as Chairman of the Coal Industry Advisory Board of the International Energy Agency.
St. Louis-based Peabody Energy, which is also a major coal producer in Australia, is the world’s largest private-sector coal company and a global leader in sustainable mining, energy access and clean coal solutions.