- Push-out Score determined
- After eight years in the position
- Praise for Eaves
- Paul Lang taking over
- Eaves will remain as executive board chair at Arch Coal
- Eaves said 111 words
(exechange) — St. Louis, Missouri, February 28, 2020 — John Eaves, chief executive of Arch Coal, leaves his position. As announced by Arch Coal Inc. in a news release and in a regulatory filing published on Friday, February 28, 2020, John W. Eaves leaves his post as chief executive officer at the coal producer after eight years in the role, effective April 30, 2020.
John Eaves’s duties as CEO will be taken over by Paul A. Lang, currently chief operating officer of Arch Coal Inc.
“Culmination of a long-scheduled and carefully planned succession process”
John Eaves’s departure from the CEO post is explained as follows. James N. Chapman, Arch’s board chair, said: “Today’s announcement represents the culmination of a long-scheduled and carefully planned succession process.”
Eaves will remain as executive board chair at Arch Coal
“John W. Eaves will retire as Arch’s chief executive officer at the corporation’s annual meeting on April 30, 2020, and will assume the position of executive board chair,” Arch Coal said.
Arch Coal said: “John W. Eaves will retire as the Company’s Chief Executive Officer, effective at the conclusion of the Company’s annual meeting of stockholders on April 30, 2020.”
Share price decline
The announcement follows a decline in Arch Coal Inc.’s share price of 47% since January 2018.
Chaired by James N. Chapman
Arch Coal Inc. is chaired by James N. Chapman.
In the position of CEO since 2012
John Eaves became CEO of the Company in 2012.
John W. Eaves is the Company’s chief executive officer, serving in such capacity since April 2012.
During his tenure with the Company, Eaves has also held the positions of president and chief operating officer; senior vice president of marketing; and vice president of marketing and president of Arch Coal Sales, the Company’s marketing subsidiary.
Eaves joined the Company in 1987 after serving in various marketing-related positions at Diamond Shamrock Coal Company and Natomas Coal Company.
In addition to his responsibilities with Arch Coal, he serves on the boards of the National Association of Manufacturers and the National Mining Association.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Arch Coal and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 9.2020 ($).