Peabody Energy (BTU) Announces New Structure, Appoints Three to President Role

Peabody Energy (NYSE: BTU) announced a new global organizational structure, with the creation of geographic business units in the Americas, Australia and Asia to reflect the growing size and scope of Peabody's global footprint. The new organization positions the company for maximum success amid unique geographic market conditions and opportunities, by committing dedicated business unit teams to manage all aspects of the platform including safety, operations, marketing, project delivery and support functions.

• Richard A. Navarre has been named President – Americas. Navarre has nearly 30 years of experience including 19 years with Peabody, where he helped build out the U.S. and global business. He most recently was President and Chief Commercial Officer and has held a number of other executive positions including Chief Financial Officer.
  
  
• Eric Ford has been named President – Australia, located in Brisbane. Ford has 41 years of extensive international management experience, including 10 years managing Australian operations. He most recently served as Peabody's Executive Vice President and Chief Operating Officer.
  
  
• Chris Hagedorn has been named President – Asia and Coal Trading. He most recently served as Peabody's Senior Vice President of Global Sales and Trading Support, and he also has led Peabody's Supply Chain Management and Business Performance functions.

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