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Patriot Coal names new leadership team

Staff writer |
St. Louis, MO, USA - May 29, 2012, St. Louis, MO, USA - Patriot Coal Corporation announced a new executive leadership team to improve its operating and financial structure.

The following appointments by the Patriot Board of Directors are effective immediately:

Irl F. Engelhardt has been named Chief Executive Officer.

With more than 30 years of experience in the coal and energy industries, Mr. Engelhardt will lead Patriot. Mr. Engelhardt has served as Chairman of the Board of Directors of Patriot since its spin-off from Peabody Energy in 2007, and previously served as Chairman and CEO of Peabody from 1990 - 2005.

During his career, he has served as Chairman of Peabody Resources Ltd. (Australia), Chairman of Citizens Power LLC (a power trading company), Chairman of The Federal Reserve Bank of St. Louis, Co-CEO and executive director of The Energy Group (LSE: TEG), Chairman of Suburban Propane Company and Chairman of Cornerstone Construction & Materials.

Mr. Engelhardt also previously served as a member of the Boards of Directors of Valero Energy Corporation and The Williams Companies, Inc. In addition, he served as Chairman of the National Mining Association, the Coal Industry Advisory Board of the International Energy Agency, the Center for Energy and Economic Development, and the Coal Utilization Research Council, as well as Co-Chairman of the Coal Based Generation Stakeholders Group. Mr. Engelhardt will continue to serve as Chairman of Patriot's Board of Directors.

Bennett K. Hatfield has been named President.

Mr. Hatfield has served as Patriot's Executive Vice President & COO since September 2011. He previously served as President, CEO and a Director of International Coal Group, from 2005 until the June 2011 sale of that company. Mr. Hatfield has held a number of other key executive operating and commercial positions during his 30-plus years in the coal industry, including President, Eastern Operations of Arch Coal, Inc., Executive Vice President and COO of Massey Energy Company, and Executive Vice President & Chief Commercial Officer of Coastal Coal Company.

Mr. Hatfield is a board member of the West Virginia Coal Association and has held leadership positions in a variety of other industry associations. He is a Licensed Professional Engineer with a Bachelor of Science degree in mining engineering from Virginia Polytechnic Institute and State University. Mr. Hatfield will continue to serve as Chief Operating Officer of Patriot.


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