ARLP Appoints Ronna R. McDaniel to Board

By Tamara Parker • Saturday, December 14 10:18 • Permanent Link

Alliance Resource Partners, L.P. (ARLP) recently announced the appointment of Ronna R. McDaniel to the Board of Directors of Alliance Resource Management GP, LLC, effective December 11, 2024. McDaniel will also serve as a member of the Audit, Compensation, and Conflicts Committees of the Board of Directors.

Joseph W. Craft III, Chairman, President, and Chief Executive Officer of ARLP, expressed excitement about McDaniel's addition to the team, citing her expertise in leadership, governance, and public relations, as well as her ability to navigate complex regulatory environments. McDaniel's background includes serving as Chair of the Republican National Committee from 2017 until the first quarter of 2024, chairing its executive committee, and being a member of the Board of Directors of the Romney Institute of Public Service and Ethics from 2016 to 2021.

In terms of financial performance, for the period ending December 11, 2024, ARLP reported being the largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical, and industrial users. The company also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. ARLP is evolving and positioning itself as a reliable energy partner for the future by pursuing opportunities that support the advancement of energy and related infrastructure.

Moreover, it's worth noting that ARLP's Board of Directors will be comprised of seven directors through the balance of 2024, and will subsequently be comprised of six directors starting January 1, 2025, due to the retirement of long-time director John Robinson on December 31, 2024.

For investors, this signals a shift in the board's composition and brings fresh expertise into the company's leadership. It will be interesting to see how these changes impact ARLP's strategic direction and financial performance in the coming quarters. The market has reacted to these announcements by moving the company's shares 1.7% to a price of $26.66. For more information, read the company's full 8-K submission here.

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