Alpha's Chairman Stetson Announces Planned Departure
Alpha Metallurgical Resources (NYSE: AMR) announced the retirement of chairman David Stetson from its board of directors, effective December 13, 2024. Lead independent director Michael Gorzynski will assume the role of chairman, and the board size will decrease from seven to six members.
During Stetson's tenure, Alpha achieved significant milestones including paying off its long-term debt and posting record revenue generation. His departure is not due to any disagreement with the company. Stetson served the organization for more than eight years, during which he was instrumental in establishing the Metallurgical Coal Producers Association and provided leadership for both the company and the broader coal industry.
Alpha Metallurgical Resources (NYSE: AMR) ha annunciato il ritiro del presidente David Stetson dal suo consiglio di amministrazione, con effetto dal 13 dicembre 2024. Il direttore indipendente principale Michael Gorzynski assumerà il ruolo di presidente, e la dimensione del consiglio sarà ridotta da sette a sei membri.
Durante il mandato di Stetson, Alpha ha raggiunto importanti traguardi, tra cui il pagamento del debito a lungo termine e la generazione di ricavi record. Il suo ritiro non è dovuto a dissidi con l'azienda. Stetson ha servito l'organizzazione per oltre otto anni, durante i quali è stato fondamentale per la creazione dell'Associazione dei Produttori di Carbone Metallurgico e ha fornito leadership sia per l'azienda che per l'industria del carbone in generale.
Alpha Metallurgical Resources (NYSE: AMR) anunció la jubilación del presidente David Stetson de su junta directiva, efectiva el 13 de diciembre de 2024. El director independiente principal Michael Gorzynski asumirá el papel de presidente, y el tamaño de la junta se reducirá de siete a seis miembros.
Durante el mandato de Stetson, Alpha logró hitos significativos, incluyendo el pago de su deuda a largo plazo y la generación de ingresos récord. Su partida no se debe a ningún desacuerdo con la empresa. Stetson sirvió a la organización durante más de ocho años, durante los cuales fue fundamental en el establecimiento de la Asociación de Productores de Carbón Metalúrgico y proporcionó liderazgo tanto para la empresa como para la industria del carbón en general.
알파 메탈러지컬 리소시스 (NYSE: AMR)는 데이비드 스테츠온 회장이 2024년 12월 13일부로 이사회에서 은퇴한다고 발표했습니다. 수석 독립 이사인 마이클 고르진스키가 회장직을 맡게 되며, 이사회 규모는 7명에서 6명으로 줄어듭니다.
스테츠온 회장 재임 기간 동안 알파는 장기 부채를 상환하고 기록적인 수익을 올리는 등 중요한 이정표를 달성했습니다. 그의 퇴임은 회사와의 의견 불일치 때문이 아닙니다. 스테츠온은 8년 이상 이 조직에서 근무하며 메탈르지컬 석탄 생산자 협회를 설립하고 회사 및 광업 산업 전체에 대한 리더십을 제공하는 데 중요한 역할을 했습니다.
Alpha Metallurgical Resources (NYSE: AMR) a annoncé la retraite du président David Stetson de son conseil d'administration, effective le 13 décembre 2024. Le directeur indépendant principal Michael Gorzynski assumera le rôle de président, et la taille du conseil diminuera de sept à six membres.
Au cours du mandat de Stetson, Alpha a atteint des étapes significatives, y compris le remboursement de sa dette à long terme et la génération de revenus record. Son départ n'est pas dû à un désaccord avec l'entreprise. Stetson a servi l'organisation pendant plus de huit ans, période durant laquelle il a joué un rôle clé dans la création de l'Association des Producteurs de Charbon Métallurgique et a fourni un leadership à la fois pour l'entreprise et pour l'industrie du charbon dans son ensemble.
Alpha Metallurgical Resources (NYSE: AMR) gab die Pensionierung des Vorsitzenden David Stetson von seinem Vorstand bekannt, mit Wirkung zum 13. Dezember 2024. Der leitende unabhängige Direktor Michael Gorzynski wird die Rolle des Vorsitzenden übernehmen, und die Größe des Vorstands wird von sieben auf sechs Mitglieder verringert.
Während Stetsons Amtszeit erreichte Alpha bedeutende Meilensteine, darunter die Tilgung seiner langfristigen Schulden und die Generierung von Rekordumsätzen. Sein Rücktritt erfolgt nicht wegen irgendwelcher Meinungsverschiedenheiten mit dem Unternehmen. Stetson war mehr als acht Jahre für die Organisation tätig und spielte eine entscheidende Rolle bei der Gründung der Metallurgischen Kohlenproduzentenvereinigung und unterstützte sowohl das Unternehmen als auch die breitere Kohlenindustrie mit seiner Führung.
- Company eliminated long-term debt during Stetson's tenure
- Achieved record revenue generation
- Board succession plan in place with immediate chairman replacement
- None.
Lead Independent Director Gorzynski to Assume Chairman Role
Concurrent with Stetson's departure, lead independent director Michael Gorzynski will assume the role of chairman of the board. Earlier today, Alpha's board approved Gorzynski's appointment as chairman, as well as a decrease in the board's size from seven to six members, effective December 13, 2024.
"It is hard to articulate the immense contributions David has made to this company and the lasting legacy he leaves at Alpha," said Michael Gorzynski, Alpha's lead independent director. "His visionary leadership set the company on a transformative path to improved financial strength and the potential for continued long-term, industry-leading success. We will miss David as a member of our board, and we cannot thank him enough for all he has done for the company and its people. I am honored to take over the board chairmanship from David and continue working with Andy and our exceptional management team in this new capacity."
"There is no greater honor than to be part of an executive team whose accomplishments have positively impacted all of its stakeholders," said David Stetson. "Over my tenure at Alpha, the company has provided stable, safe and rewarding employment, contributed resources and improved lives in the communities in which it operates, has been a steward of the environment, served as a reliable and high-quality source of products for its customers, and delivered great returns to its shareholders. As I have repeatedly noted in my public comments, the Alpha leadership team is the best in class, and I am confident that the accomplishments to date will pale in comparison to where they lead Alpha in the future."
Andy Eidson, Alpha's chief executive officer, commented: "On behalf of the executive team and all Alpha employees, I want to thank David for his more than eight years of service to this organization. There is not adequate room to list David's many accomplishments, but he provided bold and effective leadership not only for our company, but also for the broader coal industry. He was instrumental in establishing the Metallurgical Coal Producers Association, an organization devoted to advocacy around metallurgical coal and its benefits, which has grown significantly since its inception. And at Alpha, David shared insight and advice, both while he served as our chief executive and as a guiding voice on the board. He provided invaluable mentorship to me as I took the reins as CEO a couple years ago, and I consider him a trusted friend. While we will miss him greatly, we are grateful for his loyal service to Alpha over these many years. Looking forward, I have the highest level of confidence in the leadership of Mike Gorzynski, and I welcome the opportunity to work with him as he takes over as board chairman."
About Alpha Metallurgical Resources
Alpha Metallurgical Resources (NYSE: AMR) is a
Forward-Looking Statements
This news release includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Alpha to predict these events or how they may affect Alpha. Except as required by law, Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur.
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SOURCE ALPHA METALLURGICAL RESOURCES, INC.
FAQ
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