Foundation makes board changes

JAMES F Roberts has been named as Foundation Coal’s new chairman of the board, succeeding William E Macaulay, who has served as chairman since 2004.

Staff Reporter

Currently Foundation’s president and chief executive officer, Roberts began with Foundation’s predecessor company, RAG American Coal Holding, in January 1999. Before that he held a range of senior industry positions including as president of CoalARBED International Trading from 1981 to 1999.

Roberts is a director and vice-chairman of the National Mining Association and a director of the Center for Energy and Economic Development as well as a member of the executive committee of the National Coal Council.

“I am honoured to take on this new role at Foundation, and I look forward to maintaining the high standards of governance set by Bill Macaulay," said Roberts.

“Our company's success to date and positive outlook for the future is owed in large part to the wise direction of Bill and our other board members."

Joel Richards III was named lead independent director. Richards has been a member of the Foundation board since 2005 and was a member of the board of directors of RAG from 2000 through 2003.

In addition, the board elected Thomas V Shockley III as a director who will serve on the board's audit committee. Shockley retired from American Electric Power in 2004, where he had served as vice-chairman and chief operating officer.

“Tom's addition to our board rounds out a solid and diverse group of energy-related professionals, with broad experience in coal, electricity, oil, and natural gas production; rail transportation; finance; human resources; and administration," said Roberts.

“As a former top executive with one of the nation's leading electric generating companies, he brings valuable insight that will assist us in shaping our strategic plan as the needs of our customer base evolve."