Zhenchun Shi has been appointed as president – Asia, with responsibility for advancing the company’s growth opportunities in the region.
Shi will oversee a team which will identify and complete Asian joint ventures and acquisitions, and develop new operating platforms in China, Indonesia and Mongolia.
The Chinese native and 25-year veteran in energy and engineering will conduct his duties from Beijing and report to Peabody president and chief commercial officer Richard Navarre.
Navarre said Shi would aid the advancement of Peabody’s Asia-100 vision, which involved developing a platform that could exceed 100 million tonnes annually by utilizing the company's industry expertise, environmental stewardship record and culture of safety and continuous improvement.
Before joining Peabody, Shi was the country manager for China and Mongolia for the coal seam business of Australia-based Arrow Energy. While there, he signed the company’s first coal-to-gas partnership with Petrochina.
His experience also includes 13 years with BP, most recently as vice-president of the BP China coal business unit and vice-chairman of the company's clean coal joint venture board of directors.
Reporting to Shi will be president – China Tayeb Tahir, president – Mongolia and India Arshad Sayed, the vice-president of business development – Indonesia, and newly named vice-president of business development – Asia Alice Tharenos.