MARKETS

Boyce to be replaced as Peabody chairman

PEABODY Energy's long running CEO and chairman Gregory Boyce will retire from the company at the ...

Lou Caruana
Boyce to be replaced as Peabody chairman

Under Boyce's leadership, the company expanded significantly into Australia, increased its global trading platform, developed an Asia presence and completed several major acquisitions.

He joined Peabody in 2003 as president and chief operating officer and served as CEO from 2006 to 2015.

He also has served as chairman in an executive capacity since 2007. Boyce was the only CEO to be named among top chief executives for both the energy and mining sectors, garnering recognition from Institutional Investor magazine and the Global Energy Awards, where he was named 2014 CEO of the Year.

Under his leadership, the company earned more than 225 major awards for safety, environmental and financial excellence. Boyce's industry leadership has included chairmanships of the Coal Industry Advisory Board of the International Energy Agency, World Coal Association and National Mining Association.

The veteran executive has been serving as lead independent director of Peabody since January 2013 and is ready to take the new role as part of the company’s succession plan, president and CEO Glenn Kellow said.

“Today marks the successful completion of a multi-year succession planning process,” he said.

“On behalf of the board of directors we thank Greg for his many years of service and wish him the best in retirement.

“We also welcome Bob to this position as a valued advisor and well-regarded energy and mining veteran. Bob is particularly suited to lead a skilled board that is energized to navigate the current environment.”

Malone has extensive global executive and operational experience, and has served as a member of Peabody's compensation, executive, and nominating and corporate governance committees, according to the company.

He is the retired executive vice president of British Petroleum (BP) plc and former chairman and president of BP America Inc.

Prior to joining BP, Malone was the president, CEO and chief operating officer for Alyeska Pipeline Service Company and held a series of senior positions with Kennecott Copper Corporation.

He also currently serves as executive chairman of First Sonora Bancshares.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production