Peabody Energy (BTU) President U.S. Operations is Terminated

Peabody Energy (NYSE: BTU) disclosed:

On October 11, 2021, the Company notified Kemal Williamson, President – U.S. Operations of Peabody Energy Corporation (the “Company”) that his employment in this capacity will terminate effective as of November 15, 2021. Mr. Williamson will remain employed by the Company as Senior Advisor to the Chief Operating Officer until January 9, 2022 in order to promote a smooth transition of leadership.

“I’d like to thank Kemal for being a valued contributor to Peabody for many years and wish him the best in his future endeavors,” said the Company’s President and Chief Executive Officer James C. Grech.

Mr. Williamson’s separation from the Company constitutes a termination “without cause” as defined under that certain participation agreement, dated as of February 22, 2019, between the Company and Mr. Williamson under the Peabody Energy Corporation 2019 Executive Severance Plan. Mr. Williamson’s termination did not result from a disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including its controls or financial related matters.

On October 11, 2021, the Company appointed Marc Hathhorn, the Company’s current President – Australian Operations, as the President – U.S. Operations of the Company, effective as of November 15, 2021. Mr. Hathhorn will succeed Mr. Williamson as President – U.S. Operations and will assume responsibility for all U.S. mining operations.
In satisfaction of the disclosure required by Items 401(b) and 401(e) of Regulation S-K, the section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission on February 22, 2021, entitled “Information About Our Executive Officers” is incorporated by reference herein. With respect to the disclosure required by Item 401(d) of Regulation S-K, there are no family relationships between Mr. Hathhorn and any director or executive officer of the Company. With respect to Item 404(a) of Regulation S-K, there are no relationships or related transactions between Mr. Hathhorn and the Company that would be required to be reported.

You May Also Be Interested In

• Fisker (FSR) files form 10-K, sees more job cuts, reiterates going concern doubts
• CSS Entertainment (CSSE) Receives Nasdaq Delinquency Letter
• AZZ, Inc. (AZZ) Announces Proposed 4M Share Offering