THE wheels were set in motion for Peabodys Excel Coal takeover yesterday, after Richard Chadwick,...
Peabody’s Rick Navarre, Ian Craig and Tayeb Tahir have been appointed to the board to join Excel managing director Tony Haggarty and chairman Roger Massy-Greene.
Haggarty and Massy-Greene will resign as directors of the company once the takeover is complete on October 25.
“The board thanks each of the outgoing directors for their contribution to the success of Excel Coal,” the company said.
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