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Walter Energy Names New CEO

By Market News Video Staff, Tuesday, September 13, 9:56 AM ET
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Pure play metallurgical coal producer Walter Energy (NYSE:WLT) has named Walter Sheller CEO, and elected him to the board of directors.

Scheller, who joined the company in June 2010 and has most recently served as president of the company’s U.S. operations, is replacing interim CEO Joseph Leonard. Leonard replaced Keith Calder over the summer, following Calder’s departure after just a few months on the job.

Scheller has been in the natural resources industry for 30 years, having joined Walter Energy from Peabody Energy (NYSE:BTU). Scheller worked previously at CNX Gas’ Northern Appalachia Gas Operations and did a 21-year stint at Consol Energy (NYSE:CNX).

Walter Energy was rumored last week to be a takeover target for Anglo American, although a deal has not materialized.


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This Article's Word Cloud:   American   Appalachia   Calder   Consol   Definition   Definitions   Earnings   Energy   Joseph   Leonard   NYSE   Operations   Peabody   Price   Pure   Relevant   Scheller   Sheller   Stock   Walter   although   board   coal   company   departure   directors   elected   following   having   industry   joined   just   materialized   months   most   natural   operations   over   president   previously   recently   replaced   rumored   served   stint   takeover   week   worked   year   years
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