09.05.2007 22:15:00
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Foundation Coal Announces the Resignation of Sr. Vice President of Planning & Engineering
Foundation Coal Holdings, Inc. (NYSE: FCL) has announced the resignation
of Dr. Klaus-Dieter Beck, senior vice president, planning and
engineering, effective June 2007. Dr. Beck has resigned his post to
assume a board member role specializing in coal assets with New World
Resources B.V., based in Amsterdam, Netherlands.
His seven-year tenure with Foundation Coal Corporation began prior to
the company’s initial public offering in 2004
followed by an appointment to Foundation’s
original senior executive team and becoming the first to head the company’s
planning and engineering group. Since then he has worked with great
determination in advancing Foundation Coal’s
growth and success.
Dr. Beck is widely regarded as one of the coal industry’s
most prominent experts, foremost in the field of advanced mining
technology, and engineering. Through his leadership and international
relationships, Foundation’s affiliates have
succeeded in deploying the first ever installation of 2-meter longwall
shields and the longest working longwall face in North America,
measuring 1450’.
Jim Roberts, Chairman and Chief Executive Officer for Foundation Coal,
stated, "Dr. Beck’s
knowledge and expertise have been invaluable assets that have resulted
in significant productivity improvements for Foundation. All have
learned a great deal from Dr. Beck and we wish him the best with his new
responsibilities. His legacy of knowledge, service and dedication will
continue to aide Foundation Coal to attain even higher levels of success.”
A subsequent announcement regarding the management team’s
decision for Dr. Beck’s interim replacement
will become publicly available in the near future.
Foundation Coal Holdings, Inc., through its affiliates is a major U.S.
coal producer with 13 coal mines and related facilities in Pennsylvania,
West Virginia, and Wyoming. Through its subsidiaries, Foundation Coal
employs approximately 3,000 people and produces approximately 72 million
tons annually, largely for utilities generating electricity. Foundation’s
corporate offices are in Linthicum Heights, MD.
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