Peabody Energy Aligns Global Coal Sales and Trading Groups as Part of Expanded Access to High-Growth Asian Markets
August 24 2009 - 12:01PM
PR Newswire (US)
ST. LOUIS, Aug. 24 /PRNewswire-FirstCall/ -- Peabody Energy today
announced that it has realigned its COALSALES and COALTRADE
businesses as part of the company's focus on expanded access to the
high-growth Asia-Pacific markets. President of COALSALES Bryan A.
Galli and President of COALTRADE International Paul T. Demzik have
assumed additional responsibilities. Both continue to report to
Peabody Energy President and Chief Commercial Officer Richard A.
Navarre. Galli will be responsible for sale of the company's
industry-leading global coal production including U.S. and
Australian metallurgical, thermal and industrial products. He also
continues oversight of the company's market analytics and contract
administration functions. Australian coal sales will now report to
Galli, having previously reported to Demzik. Demzik will be
responsible for Peabody's global trading and marketing activities
on five continents, which include offices in the United States, the
United Kingdom, China, Australia and Venezuela. U.S. trading and
brokerage activities will now report to Demzik, having previously
reported to Galli. "Bryan and Paul will continue to expand our
global sales and trading activities to serve traditional markets as
well as high-growth emerging economies in the Asia-Pacific region,"
said Peabody Chairman and Chief Executive Officer Gregory H. Boyce.
"Both are talented leaders who have delivered record sales and
trading results as we've transformed our platform to serve global
markets." Peabody has an expanding platform of Australian coal
products from metallurgical and thermal coal mines in Queensland
and New South Wales. The company is rapidly increasing its trading
activities in the Asia-Pacific region, including developing a new
Southeast Asia coal trading, brokerage and sourcing hub, planned
for either Hong Kong or Singapore, to augment offices in Brisbane,
Sydney, Newcastle, Beijing, London, Venezuela and the United
States. The company also has joint venture and business development
activities under way in China, Mongolia, Australia and other
countries. Galli has served as President of COALSALES since 2006
and has held a series of senior positions, which include serving as
Group Executive for Midwest Operations and Vice President of Sales
and Marketing for COALSALES in the Midwest. He has more than 25
years of industry experience and a Bachelor of Science degree in
mining engineering from the University of Missouri - Rolla School
of Mines. He also serves as a board member for the university.
Demzik joined Peabody in 2005 as President of COALTRADE
International and led Peabody's dramatic global expansion of coal
trading activities. Prior to joining Peabody, Demzik was head of
coal trading for EDF Trading Limited in London. He has more than 25
years of experience in trading and a Bachelor of Science degree in
mining engineering from the University of Missouri - Rolla School
of Mines. Peabody achieved record coal sales of 256 million tons
and $6.6 billion in revenues in 2008, serving nearly 330 customers
in 21 nations on six continents. Last year, Peabody nearly doubled
its EBITDA contributions from global trading and brokerage
activities. Peabody Energy (NYE: BTU) is the world's largest
private-sector coal company. Its coal products fuel 10 percent of
all U.S. electricity generation and 2 percent of worldwide
electricity. CONTACT: Beth Sutton (928) 522-7008 DATASOURCE:
Peabody Energy CONTACT: Beth Sutton of Peabody, +1-928-522-7008 Web
Site: http://www.peabodyenergy.com/
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