Core Natural Resources, Inc. (NYSE: CNR) has announced a change in leadership, appointing Jimmy Brock as the new Chief Executive Officer effective immediately. Brock, who previously served as the Executive Chair of the company's board, will be taking over from Paul A. Lang, who is departing as CEO and board member. Lang has agreed to provide transition consulting services through the end of the year to ensure a smooth transition.
Brock expressed his excitement about taking on the expanded leadership role at a pivotal time for Core, highlighting the company's world-class operating portfolio, diversified product slate, strategic logistical network, and talented workforce. He emphasized Core's position for tremendous growth and success in the years ahead, aiming to deliver operational excellence and industry-leading stockholder returns.
Brock has an extensive background in the industry, having served as CEO and board member of Consol Energy before its merger with Arch Resources to form Core Natural Resources in January 2025. He has over 40 years of experience in various roles within the industry and is actively involved in industry-related organizations.
Core Natural Resources, Inc. is a producer of high-quality metallurgical and high calorific value thermal coals for the global marketplace. The company operates a portfolio of large-scale, low-cost longwall mines and one of the world's largest and most productive surface mines. Core plays a significant role in meeting the world's growing need for steel, infrastructure, and energy, while also serving the resurgent requirements of the U.S. power generation fleet.
Following the merger of Consol Energy and Arch Resources, Core has been focusing on safety and compliance, continuous improvement, and financial performance, with an emphasis on stakeholder engagement and stockholder returns.
The press release did not include specific financial metrics or comparisons from the previous period. Today the company's shares have moved 4.8% to a price of $92.70. If you want to know more, read the company's complete 8-K report here.
