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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 (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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