Patriot Coal, which earlier this decade worked its way through bankruptcy reorganization, announced April 3 the resignation of Bennett K. Hatfield as President and Chief Executive Officer.
The Board of Directors has appointed Robert W. Bennett, currently Senior Vice President and Chief Marketing Officer, to succeed Hatfield as President and CEO. Chairman of the Board Eugene Davis stated, “Bob Bennett has a strong leadership background in all facets of the coal industry, including operations, marketing and sales, and the Board has full confidence in his ability to lead Patriot going forward.”
Davis added, “I know I speak for the Board and the senior management team in thanking Ben for his many contributions, commitment and service to Patriot. We wish him well in his future endeavors.”
Bennett, 52, was named Patriot Coal’s Senior Vice President and Chief Marketing Officer in 2009. Previously, he served as Patriot’s Senior Vice President of Sales and Trading and was responsible for Patriot’s thermal coal sales. Bennett has over 28 years of experience in the coal sales, marketing, and trading arena, including senior-level positions at Patriot Coal, Magnum Coal, Peabody Energy and AGIP Coal.
Patriot Coal is a producer and marketer of coal in the eastern United States, with eight active mining complexes in Northern and Central Appalachia. Patriot ships to domestic and international electricity generators, industrial users and metallurgical coal customers, and controls approximately 1.4 billion tons of proven and probable coal reserves.