Peabody Energy (NYSE: BTU) announced May 5 that Allen Capdeboscq has been promoted to Senior Vice President–Corporate Development, and will be reporting to Group Executive and Chief Development Officer Christopher J. Hagedorn.
Capdeboscq previously served as Vice President–Financial and Capital Planning. The company said this appointment is consistent with Peabody’s heightened focus on asset sales and portfolio optimization. Capdeboscq will be focused on value-adding transactions involving the divestitures, non-core asset sales, joint ventures, minority interests, mergers and acquisitions.
Capdeboscq joined Peabody in 2006 as Vice President–Corporate Business Development and was named Vice President–Financial and Capital Planning in 2012. He previously worked for A.G. Edwards in its investment banking energy group and for Shell Exploration and Production Co. as a process and project engineer.
St. Louis-based Peabody Energy is the world’s largest private-sector coal company and a global leader in sustainable mining, energy access and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents. It is by far the largest U.S. coal producer and has several coal mines in Australia.