Alliance Resource Partners L P : Wesley Retires from Board of Directors; Named Director Emeritus (Form 8-K)
August 04, 2021 at 10:26 am EDT
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Wesley Retires from Board of Directors; Named Director Emeritus
TULSA, OKLAHOMA, August 4, 2021 - Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that Charles R. Wesley, Executive Vice President and Director of ARLP's general partner, has retired effective July 31, 2021. Mr. Wesley joined the Company in 1974 when he began working for Webster County Coal Corporation as an engineering co-op student, and rose through the ranks to become Senior Vice President - Operations in 1996, where he served until joining the Board of Directors in 2009 while also serving as Executive Vice President.
In recognition of Mr. Wesley's service to the Company and to continue to benefit from his counsel following his retirement, the Board designated Mr. Wesley with the honorary title of Director Emeritus, effective immediately following his retirement. As Director Emeritus, Mr. Wesley may attend Board and Board Committee meetings in an advisory capacity but will not vote on Board matters and will not be compensated.
'Charlie Wesley has been an important member of the Alliance team his entire career,' said Joseph W. Craft III, Chairman, President and Chief Executive Officer. 'Charlie's leadership over the years has been invaluable to the growth and success enjoyed by ARLP. Perhaps most importantly, Charlie's enthusiasm and work ethic became engrained in the Alliance culture, influencing leaders throughout our organization. He has our deepest appreciation and gratitude for his many contributions, and I am pleased he will remain part of our team as Director Emeritus.'
The vacancy on the Board created by Mr. Wesley's retirement has not yet been filled.
About Alliance Resource Partners, L.P.
ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basin.
ARLP currently produces coal from seven mining complexes its subsidiaries operate in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and
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international utilities and industrial users and is currently the second largest coal producer in the eastern United States.
In addition, ARLP also generates income from a variety of other sources.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ('SEC'), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at investorrelations@arlp.com.
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ARLP - Alliance Resource Partners LP published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 14:25:04 UTC.
Alliance Resource Partners, L.P. is a diversified natural resource company. It is engaged in production and marketing of coal to domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests. It operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties. The Illinois Basin Coal Operation includes the Gibson County Coal, LLC mining complex; the Warrior Coal, LLC mining complex; the River View Coal, LLC mining complex and the Hamilton County Coal, LLC mining complex. The Appalachia Coal Operations include the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining, LLC mining complex. The Oil & Gas Royalties includes oil and gas mineral interests held by Alliance Minerals as well as its equity interests in AllDale III. The Coal Royalties segment includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.