Drummond Co. Inc. announced July 20 that Mike Tracy, former President of Mining, has been named the new Chief Executive Officer of the company.
Also, Mike Drummond, Garry Neil Drummond’s son, has been appointed as the new Chairman of the Board. The appointments are effective immediately. Garry Neil Drummond passed away recently. Prior to his passing, he formulated a detailed succession plan for the leadership of the company that has now been implemented.
Tracy and the rest of Drummond’s management team will be supported by a “renewed, nuclear and nimble” Board of Directors designed to provide management with direction on strategic and critical issues, said the company. Tracy has 43 years of mining experience, with more than 35 years with Drummond Co., and has held various positions in the company during that time.
“I am honored to have been appointed as Drummond Company’s new CEO. Mr. Drummond’s vision and leadership established Drummond as a global leader in coal, coke production and marketing, along with real estate development. He left a great legacy. Along with our outstanding management team and a massive group of loyal, dedicated associates, I am committed to continue driving and executing our growth strategy into this next chapter of the company,” said Tracy.
Along with Mike Drummond’s appointment as the new Chairman of the Board, John Drummond Sr., Dan Davidson, Tom Davidson, Mark Drummond, Beth Stukes, John Davidson, Ed Drummond and Tracy have also been named as members of the Board.
Dan Davidson is Senior VP and Director of Fixed Income for the Wealth Management Division of BBVA Compass. Tom Davidson has over 30 years of experience in financing commercial real estate. Beth Stukes serves as a board member of the Walker Area Community Foundation, is a member of the Board of Trustees of Samford University, Co-Chair of the Because This Is Auburn Campaign (a billion dollar campaign), and is also a Board Member of the United Way of Central Alabama. John Davidson retired in 2009 as Engineering Site Manager of Delphi Automotive Systems.
Drummond Co. is a coal producer in both Alabama and Colombia.