BIRMINGHAM, AL, Jun 01, 2012 (MARKETWIRE via COMTEX) --Walter Energy Inc. (NYSE: WLT) (TSX: WLT), the world's leading,
publicly traded "pure-play" producer of metallurgical coal for the
global steel industry, today announced that it has hired William
"Bill" Harvey as its Chief Financial Officer, effective July 9, 2012.
"I am confident that Bill will be an excellent fit with our senior
management team," said Walt Scheller, Chief Executive Officer of
Walter Energy. "Bill is a proven strategic leader and problem-solver.
He brings to Walter Energy a strong personal and professional
background and expertise. I look forward to working with him to
accomplish our financial and organizational goals and to enhance
shareholder value."
Added Mr. Harvey, "I look forward to contributing to Walter Energy's
strategy. I am also eager to further develop Walter Energy's already
strong financial culture focused on fostering integration,
facilitating growth and instilling best practices."
Mr. Harvey was previously Senior Vice President and Chief Financial
Officer of Resolute Forest Products Inc. (formerly AbitibiBowater
Inc.), a global forest products company listed on the New York Stock
Exchange and the Toronto Stock Exchange. At Resolute, Mr. Harvey had
overall accountability for finance, accounting, treasury, SEC
reporting, tax, risk management, business development, strategic
planning and investor relations. He worked at Resolute for more than
20 years and excelled in increasingly challenging positions,
including playing a major role in the 2007 merger of
Abitibi-Consolidated Inc. and Bowater Inc., which resulted in a $7
billion revenue company.
With an MBA from the University of Toronto, Canada and a bachelor of
science degree in mechanical engineering from the Queen's University
in Kingston, Ontario, Canada, Mr. Harvey is also a Chartered
Financial Analyst.
Mr. Harvey will succeed Robert Kerley, who is serving as Interim
Principal Financial Officer and who will continue to serve as Walter
Energy's Vice President, Corporate Controller and Chief Accounting
Officer.
About Walter Energy
Walter Energy is the world's leading, publicly traded "pure-play"
metallurgical coal producer for the global steel industry with
strategic access to high-growth steel markets in Asia, South America
and Europe. The Company also produces thermal coal, anthracite,
metallurgical coke and coal bed methane gas. Walter Energy employs
approximately 4,400 employees and contractors with operations in the
United States, Canada and United Kingdom. For more information about
Walter Energy, please visit www.walterenergy.com.
Safe Harbor Statement
Except for historical information contained herein, the statements in
this release are forward-looking and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and may involve a number of risks and uncertainties. Forward-looking
statements are based on information available to management at the
time, and they involve judgments and estimates. Forward-looking
statements include expressions such as "believe," "anticipate,"
"expect," "estimate," "intend," "may," "plan," "predict," "will," and
similar terms and expressions. These forward-looking statements are
made based on expectations and beliefs concerning future events
affecting us and are subject to various risks, uncertainties and
factors relating to our operations and business environment, all of
which are difficult to predict and many of which are beyond our
control, that could cause our actual results to differ materially
from those matters expressed in or implied by these forward-looking
statements. The following factors are among those that may cause
actual results to differ materially from our forward-looking
statements: the market demand for coal, coke and natural gas as well
as changes in pricing and costs; the availability of raw material,
labor, equipment and transportation; changes in weather and geologic
conditions; changes in extraction costs, pricing and assumptions and
projections concerning reserves in our mining operations; changes in
customer orders; pricing actions by our competitors, customers,
suppliers and contractors; changes in governmental policies and laws,
including with respect to safety enhancements and environmental
initiatives; availability and costs of credit, surety bonds and
letters of credit; and changes in general economic conditions.
Forward-looking statements made by us in this release, or elsewhere,
speak only as of the date on which the statements were made. See also
the "Risk Factors" in our 2011 Annual Report on Form 10-K and
subsequent filings with the SEC, which are currently available on our
website at www.walterenergy.com. New risks and uncertainties arise
from time to time, and it is impossible for us to predict these
events or how they may affect us or our anticipated results. We have
no duty to, and do not intend to, update or revise the
forward-looking statements in this release, except as may be required
by law. In light of these risks and uncertainties, readers should
keep in mind that any forward-looking statement made in this press
release may not occur. All data presented herein is as of the date of
this release unless otherwise noted.
Contact:
Paul Blalock
Vice President, Investor Relations
205.745.2627
paul.blalock@walterenergy.com
SOURCE: Walter Energy
mailto:paul.blalock@walterenergy.com
