Westmoreland Announces CEO Transition, Management Promotions
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Westmoreland Coal (WLB) CEO Alessi to Retire; Successor Named
October 23, 2015 7:06 AM EDTWestmoreland Coal (NASDAQ: WLB) announced today that Keith E. Alessi, 61, Chief Executive Officer, has announced his intent to retire effective December 31, 2015. Mr. Alessi will remain an employee of the company as CEO Emeritus. He will be responsible for providing strategic support to both the Board of Directors and management, as well as maintaining key relationships and evaluating business development opportunities.
The Board of Directors has named Kevin A. Paprzycki, the companys Chief Financial Officer, as Chief Executive Officer effective as of January 1, 2016. It is intended that Mr. Paprzycki will also... More
Westmoreland Coal (WLB) Posts Q3 GAAP Loss of $2.95/Share
October 23, 2015 7:04 AM EDTWestmoreland Coal (NASDAQ: WLB) reported Q3 EPS of ($2.95), $2.57 worse than the analyst estimate of ($0.38). Revenue for the quarter came in at $349.8 million versus the consensus estimate of $389.8 million.
The decrease in Q3 net loss was driven largely by a $17.8 million decrease in... More
