ST.
LOUIS, March 19, 2024 /PRNewswire/ -- Arch
Resources, Inc. (NYSE: ARCH) today announced that George J.
Schuller Jr., a highly regarded mining industry executive with
decades of senior operational leadership experience, has joined the
company as senior vice president and chief operating officer,
effective immediately.
"We are extremely pleased that George has agreed to join the
Arch team in this pivotal capacity and view him as a perfect fit
with our sustainability-focused and results-driven culture," said
John T. Drexler, Arch's president.
"George has decades of leadership experience in the global coal and
mining industry and brings a tremendous record of success in
managing large-scale mining operations in a safe, responsible,
efficient and collaborative manner. We consider George the ideal
person to lead Arch's world-class portfolio of high-quality coking
coal assets at this time and are confident that he will elevate the
company's significant operational capabilities and first-quartile
cost execution still further."
"I am excited to be joining the Arch team at this important
juncture," said Schuller. "Arch has a world-class portfolio of
assets and a highly talented workforce that demonstrates a deep
commitment to safety, environmental stewardship, and operational
excellence in everything they do. I look forward to working with
the entire team to capitalize on the mining portfolio's tremendous
potential by pursuing continuous improvement in every facet of
operational performance; identifying and advancing opportunities to
unlock incremental value; and – perhaps most importantly –
extending Arch's well-established reputation as a sustainability
leader in the global mining industry."
Schuller has more than 30 years of experience in the global
mining industry, most recently serving as chief operations officer
at Compass Minerals, Inc. Prior to joining Compass in 2019,
Schuller held a range of high-ranking operational roles at Peabody
Energy, including president, Australia; chief operating officer,
Australia; group executive
operations, Australia; and group
executive, Powder River Basin and the Southwest. He earned a B.S.
in Mining Engineering from West Virginia
University in Morgantown in 1986 and an MBA from the
University of Charleston (West
Virginia) in 1998. He holds an honorary doctorate degree in
engineering from West Virginia
University; served as chair of Coal21, an Australia-wide body on advanced clean coal
use; and has served on the boards of the Minerals Council of
Australia, the Queensland Resource
Council, the Australian Coal Association, and the Australian Coal
Association Low-Emission Technology initiative. In addition,
Schuller has served as president of the National Mine Rescue
Association and as vice president of the Holmes Safety
Association.
Arch Resources is a premier producer of high-quality
metallurgical products for the global steel industry. The company
operates large, modern and highly efficient mines that consistently
set the industry standard for both mine safety and environmental
stewardship. Arch Resources from time to time utilizes its website
– www.archrsc.com – as a channel of distribution for material
company information. To learn more about us and our premium
metallurgical products, go to www.archrsc.com.
Forward-Looking Statements: This press release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended - that is, statements
related to future, not past, events. In this context,
forward-looking statements often address our expected future
business and financial performance, and future plans, and often
contain words such as "should," "could," "appears," "estimates,"
"projects," "targets," "expects," "anticipates," "intends," "may,"
"plans," "predicts," "believes," "seeks," "strives," "will" or
variations of such words or similar words. Actual results or
outcomes may vary significantly, and adversely, from those
anticipated due to many factors, including: loss of availability,
reliability and cost-effectiveness of transportation facilities and
fluctuations in transportation costs; operating risks beyond our
control, including risks related to mining conditions, mining,
processing and plant equipment failures or maintenance problems,
weather and natural disasters, the unavailability of raw materials,
equipment or other critical supplies, mining accidents, and other
inherent risks of coal mining that are beyond our control;
inflationary pressures and availability and price of mining and
other industrial supplies; changes in coal prices, which may be
caused by numerous factors beyond our control, including changes in
the domestic and foreign supply of and demand for coal and the
domestic and foreign demand for steel and electricity; volatile
economic and market conditions; the effects of foreign and domestic
trade policies, actions or disputes on the level of trade among the
countries and regions in which we operate, the competitiveness of
our exports, or our ability to export; the effects of significant
foreign conflicts; the loss of, or significant reduction in,
purchases by our largest customers; our relationships with, and
other conditions affecting our customers and our ability to collect
payments from our customers; risks related to our international
growth; competition, both within our industry and with producers of
competing energy sources, including the effects from any current or
future legislation or regulations designed to support, promote or
mandate renewable energy sources; alternative steel production
technologies that may reduce demand for our coal; our ability to
secure new coal supply arrangements or to renew existing coal
supply arrangements; cyber-attacks or other security breaches that
disrupt our operations, or that result in the unauthorized release
of proprietary, confidential or personally identifiable
information; our ability to acquire or develop coal reserves in an
economically feasible manner; inaccuracies in our estimates of our
coal reserves; defects in title or the loss of a leasehold
interest; the availability and cost of surety bonds, including
potential collateral requirements; we may not have adequate
insurance coverage for some business risks; disruptions in the
supply of coal from third parties; decreases in the coal
consumption of electric power generators could result in less
demand and lower prices for thermal coal; our ability to pay
dividends or repurchase shares of our common stock according to our
announced intent or at all; the loss of key personnel or the
failure to attract additional qualified personnel and the
availability of skilled employees and other workforce factors;
public health emergencies, such as pandemics or epidemics, could
have an adverse effect on our business; existing and future
legislation and regulations affecting both our coal mining
operations and our customers' coal usage, governmental policies and
taxes, including those aimed at reducing emissions of elements such
as mercury, sulfur dioxides, nitrogen oxides, particulate matter or
greenhouse gases; increased pressure from political and regulatory
authorities, along with environmental and climate change activist
groups, and lending and investment policies adopted by financial
institutions and insurance companies to address concerns about the
environmental impacts of coal combustion; increased attention to
environmental, social or governance matters ("ESG"); our ability to
obtain and renew various permits necessary for our mining
operations; risks related to regulatory agencies ordering certain
of our mines to be temporarily or permanently closed under certain
circumstances; risks related to extensive environmental regulations
that impose significant costs on our mining operations and could
result in litigation or material liabilities; the accuracy of our
estimates of reclamation and other mine closure obligations; the
existence of hazardous substances or other environmental
contamination on property owned or used by us and risks related to
tax legislation and our ability to use net operating losses and
certain tax credits; All forward-looking statements in this press
release, as well as all other written and oral forward-looking
statements attributable to us or persons acting on our behalf, are
expressly qualified in their entirety by the cautionary statements
contained in this section and elsewhere in this press release.
These factors are not necessarily all of the important factors that
could cause actual results or outcomes to vary significantly, and
adversely, from those anticipated at the time such statements were
first made. These risks and uncertainties, as well as other risks
of which we are not aware or which we currently do not believe to
be material, may cause our actual future results and outcomes to be
materially, and adversely, different than those expressed in our
forward-looking statements. For these reasons, readers should not
place undue reliance on any such forward-looking statements. These
forward-looking statements speak only as of the date on which such
statements were made, and we do not undertake, and expressly
disclaim, any duty to update our forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by the federal securities laws. For a
description of some of the risks and uncertainties that may affect
our future results, you should see the risk factors described from
time to time in the reports we file with the Securities and
Exchange Commission.
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SOURCE Arch Resources, Inc.