Westmoreland Announces Organizational Changes; Keith E. Alessi to Become CEO
Westmoreland Coal Company (Nasdaq: WLB) announced that Keith E. Alessi, Executive Chairman, has reassumed the title of Chief Executive Officer, a title he previously held for the majority of the time between 2007 and 2013. Such change was made as the initial step in the realignment of the corporate structure in light of the pending closing of the previously-announced acquisition of Sherritt International's Canadian coal operations. At the same time, Richard Klingaman reassumed the title of Chairman of the Board to ensure the company maintains a split CEO and Chairman of the Board governance structure. Mr. Klingaman previously held the Chairman role from 2009 to 2013 and has been Lead Independent Director since April of 2013. To become fully aligned with our core U.S. operations, Robert King has assumed the title of President - U.S. Operations. Upon consummation of the Sherritt transaction, Mr. Alessi will also add the title of Interim President - Canada Operations and will directly oversee the transition of the Canadian business.
About Westmoreland Coal Company
Westmoreland Coal Company is the oldest independent coal company in the United States. The Company's coal operations include sub-bituminous coal mining in the Powder River Basin in Montana and Wyoming, and lignite mining operations in Montana, North Dakota and Texas. Its power operations include ownership of the two-unit ROVA coal-fired power plant in North Carolina. For more information, visit www.westmoreland.com.
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