Alpha Natural Resources, Inc. (ANRZQ) has announced that Andy Eidson, Senior Vice President for Strategy and Business Development, will assume additional duties as the CFO. Mr. Eidson, who has served in his current position since December 2015 and in other positions with Alpha since 2010, will join Alpha’s Management Committee in the expanded role of Executive Vice President and Chief Financial Officer.
Mr. Eidson will succeed Philip Cavatoni, who informed the company of his intention to resign his position as Chief Financial and Strategy Officer, effective March 23, to pursue another employment opportunity outside of the coal industry. Mr. Eidson’s appointment will be effective on that date.
Mr. Eidson previously served as Vice President, Mergers and Acquisitions at Alpha. Prior to joining the Company in July 2010, Mr. Eidson worked in several financial positions across industry sectors, including at PricewaterhouseCoopers LLP, Eastman Chemical Company, and most recently Penn Virginia Resource Partners, where he led mergers and acquisitions projects for the coal segment and managed the budgeting and planning process. Mr. Eidson holds a bachelor of science degree, cum laude, in commerce and business administration from the University of Alabama and a master of business administration degree from Milligan College.
Mr. Cavatoni has been with the company since 2009 and previously served as Executive Vice President and Chief Strategy Officer, as well as Treasurer and Executive Vice President, Finance and Strategy, before assuming the CFO role in March 2015.
Alpha and certain of its wholly-owned subsidiaries filed voluntary petitions to reorganize under Chapter 11 of the United States Bankruptcy Code on August 3, 2015. More information about Alpha’s bankruptcy process and legal filings made with the Court to date can be found at www.kccllc.net/alpharestructuring.