Arch Coal Inc. (NYSE:ACI) announced that it has named Jeffrey W. Strobel as vice president of business development and strategy. Strobel will join Arch on October 17 and will be responsible for global business development, including mergers, acquisitions and joint ventures. In addition, Strobel will join Arch's senior officer team, which has responsibility for strategy development, policy formation and capital allocation. He will report to John W. Eaves, Arch's president and chief operating officer.
Arch Coal, Inc. engages in the production and sale of steam and metallurgical coal from surface and underground mines located throughout the United States As of December 31, 2010, it operated or contracted out the operation of 23 active mines; and owned or controlled approximately 4.4 billion tons of estimated proven and probable recoverable reserves.
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October 15th, 2011 at 02:59 pm