Goldfarb steps down from Xinergy

CITING his difference in view about the company’s strategic direction, Xinergy CEO and director Matt Goldfarb has tendered his resignation.

Donna Schmidt

The TSX-listed, Tennessee-based miner has appointed president and director Bernie Mason to step into the CEO role. He will also serve as president and director.

Mason, a 35-year industry veteran, had served as president and director since 2009.

“Bernie has led company operations, as well as the acquisition and development of our metallurgical asset,s including the mid-vol South Fork Complex in Greenbrier County, West Virginia,” board chairman Todd Swanson said.

“We are excited to have Bernie lead Xinergy as it completes its transition to a metallurgical-focused coal producer.”

He also thanked Goldfarb for his contributions during “a period of significant stress and change in the coal industry”

Xinergy’s properties are in West Virginia and Virginia. It sells thermal and met coal.