David Stetson was appointed CEO of a reorganized Alpha Natural Resources. Stetson is a veteran coal executive with broad experience in finance, mergers and acquisitions, corporate governance, legal and reclamation. He most recently held leadership positions with Trinity Coal, RAAM Global Energy and JW Resources.
|David Stetson||Mike Tracy|
Drummond Co. announced that Mike Tracy, former president of mining, has been named the new CEO. Dr. Mike Drummond, Garry Neil Drummond’s son, has been appointed the new chairman of the board. Tracy has 43 years of mining experience, with more than 35 years with Drummond Co. John Drummond Sr., Dan Davidson, Tom Davidson, Mark Drummond, Beth Stukes, John Davidson, Ed Drummond and Mike Tracy have also been named as members of the board. Dr. Drummond is a vascular surgeon at Princeton Baptist Medical Center, past chairman of the Department of Surgery at Princeton and former board member and chairman of the board of Baptist Health Systems of Alabama. John Howard Drummond Sr. has worked for the Drummond Co. for 55 years and has been a member of the board for 20 years. David Davidson is senior vice president and director of fixed income for the Wealth Management Division of BBVA Compass. Tom Davidson was a senior vice president and senior risk officer before he retired. Mark Drummond has a Ph.D. in Geology, taught at UAB and has since developed residential real estate, invested in commercial real estate and oil and gas ventures. Stukes serves as a board member of the Walker Area Community Foundation. Ed Drummond has a Ph.D. in geochemistry and worked at Oak Ridge National Laboratory directing research programs for the U.S. Department of Energy and also worked for Drummond Co. for four years as executive vice president and executive assistant to the CEO of Drummond Co.
Buffalo Coal Corp. announced the resignation of Malcolm Campbell as CEO and Sarah Williams as CFO and corporate secretary.
John Kaiser has been named vice president of strategic planning in Union Pacific’s executive department. Kenny Rocker has been named vice president and general manager of industrial products.
Superior Industries appointed Peter Patterson as territory sales manager throughout central and western Canada.
|John Kaiser||Peter Patterson||Laura Stiverson||Ryan Waite|
Dust Control Technology named Laura Stiverson president of the company after her service to the company as general manager for nearly five years.
Baldor Electric announced Ryan Waite has been named the director of motor product management for its global NEMA motor business.
McLanahan Corp. welcomed Jeff High to the company as global product manager of crushing and screening.
GE appointed Azeez Mohammed as president and CEO of GE Energy Connections’ Power Conversion business. Most recently, he was president and CEO, of GE’s Power Services business for the Middle East and Africa.
|Jeff High||Azeez Mohammed||Richard Budge|
Richard Budge, the businessman who successfully spear-headed the purchase of state-owned British Coal’s mining assets in England when the industry was privatized more than 20 years ago, died July 18 at the age of 69. Budge was born in 1947, the year the U.K. coal industry, with almost a thousand deep mines and a million employees, was nationalized and became the National Coal Board. Almost half a century later when the “ultimate privatization” was completed, there were just 19 deep mines in production and Budge’s Doncaster-based RJB Mining company bought all but two of them. He left to join the Retford-based company AF Budge owned by his late brother Tony, which was involved in civil engineering projects, constructing major motorway interchanges and extracting coal from seams laying close to the surface. In 1992, he bought the open-cast coal and plant division from the family business. He bought a small deep mine in Northumberland, contracted for surface mine sites, and as the government prepared for the sale of what former Energy Secretary Cecil Parkinson had described as the “ultimate privatization,” rescued three deep mines that British Coal had decided would play no part in the privatization process. These “lease and license” mines went on to produce almost 20 million metric tons of coal for power stations and industry before they closed. A slump in energy prices in the late 1990s as coal supply contracts were being renegotiated dampened the appetite for the investment needed in an industry typically facing a four- or five-year payback and Budge quit as the company’s chief executive in the summer of 2001. He invested his energies and much of his personal wealth in securing a future for Hatfield, a colliery near Doncaster with substantial reserves and the potential to pioneer carbon capture technology seen as an environmental lifeline for coal. Budge served in both regional and national capacities as chairman and president of the Coal Trade Benevolent Association; provided support and was chairman of the Coal Industry Social Welfare Organization and many organizations and activities popular in traditional mining communities. He was a trustee of the National Coal Mining Museum for England, the former Caphouse colliery at Wakefield, and for many years, with Nottinghamshire Enterprises, a job creation agency helping regenerate one of the coalfields hit hard by pit closures. He was the driving force behind the foundation of the Confederation of U.K. Coal Producers, a campaign group.