Peabody Appoints Mark Spurbeck To Permanent Role Of Chief Financial Officer

Rhea-AI Summary

Peabody has officially appointed Mark Spurbeck as Executive Vice President and Chief Financial Officer, having previously served as Senior Vice President and Interim CFO since January 2020. With over two decades of experience in accounting and finance, Spurbeck's background includes leadership roles at Coeur Mining and Newmont Mining. Peabody President Glenn Kellow praised Spurbeck’s extensive experience in navigating global complexities. Peabody, listed under BTU, is a leading coal producer operating across six continents, focusing on sustainability and essential energy production.

Positive

• Mark Spurbeck's extensive mining experience and leadership will strengthen Peabody's financial strategy.
• Continuity in financial leadership with Spurbeck's appointment could enhance investor confidence.

Negative

• Concerns about the transition period from interim to permanent CFO may affect market perception.
• Spurbeck's limited experience in the role may pose risks in navigating financial complexities.

ST. LOUIS, June 17, 2020 /PRNewswire/ -- Peabody announced today Mark Spurbeck has been named Executive Vice President and Chief Financial Officer.  Mark joined Peabody in early 2018 and has most recently served as the company's Senior Vice President and Interim Chief Financial Officer since January 2020. 

"We are pleased for Mark to officially step into this key leadership post," said Peabody President and Chief Executive Officer Glenn Kellow.  "Mark's extensive mining experience and perspective will be valuable as we continue to navigate the complexities of the current global environment." 

Mark has more than two decades of accounting and financial experience.  In his time at Peabody, he also served as Senior Vice President and Chief Accounting Officer and has overseen the company's finance, treasury, tax, internal audit, financial reporting and corporate accounting functions. Prior to joining Peabody in early 2018, Mark was Vice President of Finance and Chief Accounting Officer at Coeur Mining, Inc.  He also previously held multiple positions at Newmont Mining Corporation over an eight-year period, including Group Executive, Assistant Controller.  Mark also served in several financial positions at First Data Corporation and Deloitte LLP.  He holds a Bachelor of Arts degree in Accounting from Hillsdale College in Michigan and is a Certified Public Accountant.

Peabody (NYSE: BTU) is a leading coal producer, serving customers in more than 25 countries on six continents. We provide essential products to fuel baseload electricity for emerging and developed countries and create the steel needed to build foundational infrastructure. Our commitment to sustainability underpins our activities today and helps to shape our strategy for the future. For further information, visit PeabodyEnergy.com.

Contact:
Julie Gates
314.342.4336

 

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SOURCE Peabody

FAQ

Who has been appointed as CFO of Peabody?

Mark Spurbeck has been appointed as the Chief Financial Officer of Peabody.

When did Mark Spurbeck become CFO of Peabody?

Mark Spurbeck was appointed to the role on June 17, 2020.

What previous position did Mark Spurbeck hold at Peabody?

Prior to becoming CFO, Spurbeck served as Senior Vice President and Interim CFO.

What is Peabody's stock symbol?

Peabody's stock symbol is BTU.

What is Peabody's focus as a coal producer?

Peabody focuses on sustainability and providing essential energy products globally.