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Walter Energy Names New CEO

By Market News Video Staff, Tuesday, September 13, 9:56 AM ET

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   Anglo   Appalachia   Calder   Consol   Energy   Joseph   Leonard   NYSE   Northern   Operations   Peabody   Pure   Scheller   Walter   although   board   coal   company   departure   directors   elected   following   from   having   industry   joined   just   materialized   most   named   operations   over   play   president   previously   producer   recently   replaced   replacing   rumored   served   stint   summer   takeover   target   week   worked   year   years
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