Andy Eidson, who has served in his current position of senior vice president for strategy and business development since December 2015 and in other positions with Alpha since 2010, will join Alpha's Management Committee in the expanded role of executive vice president and chief financial officer.

Cavatoni informed the company of his intention to resign his position as chief financial and strategy officer, effective March 23, to pursue another employment opportunity outside of the coal industry.

Eidson's appointment will be effective on that date, Alpha chairman and CEO Kevin Crutchfield said.

“Andy has excelled in his prior positions at Alpha and I'm confident his experience, energy, and talent will ensure a smooth transition in his new role,” he said.

“As Alpha continues to navigate its restructuring process, emerging leaders like Andy will be vital in shaping the organization's future.”

Eidson previously served as vice president, mergers and acquisitions at Alpha.

Prior to joining the company in July 2010, Eidson worked in several financial positions across industry sectors, including at PricewaterhouseCoopers LLP, Eastman Chemical Company, and most recently Penn Virginia Resource Partners, where he led mergers and acquisitions projects for the coal segment and managed the budgeting and planning process.

Eidson holds a bachelor of science degree, cum laude, in commerce and business administration from the University of Alabama and a master of business administration degree from Milligan College.

Cavatoni has been with the company since 2009 and previously served as executive vice president and chief strategy officer, as well as treasurer and executive vice president, finance and strategy, before assuming the CFO role in March 2015.

“Phil's strategic thinking and financial acumen have been valuable assets to Alpha over the past seven years,” said Crutchfield. “We wish him much success in his next endeavor.”