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arch coal inc (ACI) Snapshot

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05/21/13 - $5.82
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arch coal inc (ACI) Details

Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2013, it operated or contracted out the operation of 22 mines, and owned or controlled approximately 5.3 billion tons of proven and probable recoverable reserves. The company also owned or controlled primarily through long-term leases approximately 32,135 acres of coal land in Ohio; 22,417 acres of coal land in Maryland; 46,532 acres of coal land in Virginia; 425,038 acres of coal land in West Virginia; 107,668 acres of coal land in Wyoming; 267,024 acres of coal land in Illinois; 19,428 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; and 20,166 acres of coal land in Colorado, as well as coal land in Kentucky. In addition, it owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas. The company sells coal to power plants, steel mills, and industrial facilities. Arch Coal, Inc. was founded in 1969 and is headquartered in St. Louis, Missouri.

5,350 Employees
Last Reported Date: 02/28/14
Founded in 1969

arch coal inc (ACI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $850.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $450.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $650.0K
Senior Vice President of Operations
Total Annual Compensation: $410.0K
Senior Vice President of Law, General Counsel...
Total Annual Compensation: $365.0K
Compensation as of Fiscal Year 2013.

arch coal inc (ACI) Key Developments

Arch Coal Announces Board Appointments

The board of directors of Arch Coal Inc. announced two changes to the company's senior management team. John A. Ziegler, Jr. has been elected chief commercial officer, effective immediately. Ziegler will be responsible for leading all of Arch's sales and marketing efforts, including contract administration and transportation logistics. He will report to Paul A. Lang, Arch's executive vice president and chief operating officer. Ziegler most recently served as vice president of human resources and previously served as president of Arch Coal Sales. He joined Arch Coal as director of internal audit in 2002. In addition, the board of directors has elected Allen R. Kelley to succeed Ziegler as vice president of human resources, effective immediately. He will report to Eaves. Kelley most recently held the position of vice president of enterprise risk management and has 25 years of company service at Arch.

Arch Coal Inc. Announce Change of Chairman Following the Company's Annual Shareholder Meeting on April 24

Arch Coal Inc. announced several changes to its board of directors. Chairman Steven F. Leer, 61, will retire from Arch's board following the company's annual shareholder meeting on April 24. Leer served as the company's chief executive officer from 1997 to 2012, and as president of Arch Mineral Corporation, a predecessor company, from 1992 to 1997. He was elected chairman in 2006. Wesley M. Taylor, 71, will succeed Leer as chairman. Taylor joined Arch's board in 2005 and was elected lead independent director in 2013. Prior to joining the Arch board, Taylor served as president of TXU Generation for 13 years and president of Dallas Power & Light for three years during a 38-year tenure with TXU. In his current capacity, Lang has responsibility for the mining and marketing of all of Arch's coal production, which totaled nearly 140 million tons in 2013, as well as its trading, transportation, corporate procurement and process improvement efforts.

Arch Coal Announces Annual Dividend, Payable on March 14, 2014

The board of directors of Arch Coal Inc. declared an annual cash dividend of $0.01 per share on the company's common stock. The annual cash dividend is payable in full on March 14, 2014 to ACI shareholders of record on Feb. 28, 2014.


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